WINTON GROUP Ltd Has $391,000 Holdings in Howmet Aerospace Inc. (NYSE:HWM)

WINTON GROUP Ltd lessened its stake in Howmet Aerospace Inc. (NYSE:HWMGet Rating) by 9.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,445 shares of the company’s stock after selling 1,346 shares during the quarter. WINTON GROUP Ltd’s holdings in Howmet Aerospace were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clear Street Markets LLC increased its position in Howmet Aerospace by 402.6% in the 2nd quarter. Clear Street Markets LLC now owns 784 shares of the company’s stock valued at $25,000 after acquiring an additional 628 shares in the last quarter. AIA Group Ltd acquired a new stake in shares of Howmet Aerospace during the 1st quarter worth approximately $36,000. CX Institutional acquired a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $35,000. Sandy Spring Bank grew its position in shares of Howmet Aerospace by 1,200.0% during the 1st quarter. Sandy Spring Bank now owns 1,300 shares of the company’s stock worth $47,000 after buying an additional 1,200 shares during the period. Finally, Shell Asset Management Co. grew its position in shares of Howmet Aerospace by 30.8% during the 1st quarter. Shell Asset Management Co. now owns 1,341 shares of the company’s stock worth $48,000 after buying an additional 316 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of HWM opened at $37.10 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.89 and a current ratio of 2.06. Howmet Aerospace Inc. has a twelve month low of $27.41 and a twelve month high of $39.24. The firm’s 50 day moving average price is $34.41 and its two-hundred day moving average price is $34.66. The firm has a market cap of $15.35 billion, a P/E ratio of 36.02, a PEG ratio of 1.09 and a beta of 1.59.

Howmet Aerospace (NYSE:HWMGet Rating) last announced its quarterly earnings results on Monday, October 31st. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Howmet Aerospace had a net margin of 8.00% and a return on equity of 16.76%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. On average, analysts forecast that Howmet Aerospace Inc. will post 1.4 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 4th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 0.43%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.02. Howmet Aerospace’s payout ratio is presently 15.53%.

Analysts Set New Price Targets

HWM has been the subject of several analyst reports. Wolfe Research reiterated an “outperform” rating and set a $44.00 price target on shares of Howmet Aerospace in a research report on Tuesday, October 11th. Vertical Research lowered their price target on shares of Howmet Aerospace to $45.00 in a research report on Friday, November 4th. Bank of America began coverage on shares of Howmet Aerospace in a research note on Monday, October 10th. They set a “buy” rating and a $40.00 price objective on the stock. KeyCorp lifted their price objective on shares of Howmet Aerospace from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 1st. Finally, Morgan Stanley lifted their price objective on shares of Howmet Aerospace from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, September 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

About Howmet Aerospace

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Howmet Aerospace, Inc engages in provision of engineered solutions for the aerospace and transportation industries. It operates through the following segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines (aerospace commercial and defense) and industrial gas turbines.

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Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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