Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Forsta AP Fonden

Forsta AP Fonden trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,000 shares of the company’s stock after selling 8,000 shares during the period. Forsta AP Fonden’s holdings in Howmet Aerospace were worth $17,773,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace during the 4th quarter worth $25,000. Kapitalo Investimentos Ltda acquired a new position in Howmet Aerospace during the 4th quarter worth $30,000. Pinpoint Asset Management Ltd grew its holdings in Howmet Aerospace by 42.8% during the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Hemington Wealth Management grew its holdings in Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company’s stock worth $33,000 after acquiring an additional 81 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its holdings in Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock worth $34,000 after acquiring an additional 141 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Trading Down 0.5%

Howmet Aerospace stock opened at $180.67 on Friday. Howmet Aerospace Inc. has a 52-week low of $90.71 and a 52-week high of $193.26. The firm has a market capitalization of $72.83 billion, a price-to-earnings ratio of 52.83, a PEG ratio of 2.32 and a beta of 1.48. The firm has a 50-day moving average price of $179.54 and a two-hundred day moving average price of $151.08. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the firm earned $0.67 EPS. Howmet Aerospace’s revenue was up 9.2% on a year-over-year basis. Sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 8th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace’s payout ratio is presently 11.70%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HWM. Wells Fargo & Company raised their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. BTIG Research set a $205.00 price target on shares of Howmet Aerospace and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley raised their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Vertical Research restated a “buy” rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Finally, Barclays restated an “overweight” rating and issued a $190.00 price target (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $172.13.

Insider Buying and Selling

In related news, CEO John C. Plant sold 800,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the transaction, the chief executive officer directly owned 236,544 shares of the company’s stock, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the transaction, the executive vice president directly owned 131,859 shares in the company, valued at $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.04% of the company’s stock.

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.