Tidal Investments LLC Has $1.72 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Tidal Investments LLC reduced its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 72.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,751 shares of the company’s stock after selling 40,739 shares during the quarter. Tidal Investments LLC’s holdings in Howmet Aerospace were worth $1,723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Howmet Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock valued at $5,153,220,000 after buying an additional 352,256 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after buying an additional 2,486,649 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Howmet Aerospace by 0.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company’s stock worth $1,445,210,000 after purchasing an additional 80,972 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Howmet Aerospace by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock worth $1,197,315,000 after purchasing an additional 1,026,130 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Howmet Aerospace by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company’s stock worth $1,070,267,000 after purchasing an additional 308,574 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the sale, the executive vice president now owns 131,859 shares of the company’s stock, valued at $20,903,607.27. The trade was a 18.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John C. Plant sold 800,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the sale, the chief executive officer now directly owns 236,544 shares of the company’s stock, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock valued at $130,517,863 in the last quarter. Company insiders own 1.04% of the company’s stock.

Howmet Aerospace Stock Up 1.3%

Shares of HWM opened at $165.05 on Friday. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $166.50. The firm has a market cap of $66.63 billion, a P/E ratio of 58.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The firm’s 50-day simple moving average is $138.63 and its 200 day simple moving average is $127.01. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Howmet Aerospace’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 EPS. On average, analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Friday, May 9th. Howmet Aerospace’s dividend payout ratio is currently 13.03%.

Analyst Ratings Changes

Several research analysts have recently weighed in on HWM shares. The Goldman Sachs Group boosted their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. BTIG Research restated a “buy” rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Truist Financial lowered their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.53.

About Howmet Aerospace

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.