Vontobel Holding Ltd. Sells 691 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Vontobel Holding Ltd. cut its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,662 shares of the company’s stock after selling 691 shares during the quarter. Vontobel Holding Ltd.’s holdings in Howmet Aerospace were worth $523,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HWM. JPMorgan Chase & Co. lifted its position in Howmet Aerospace by 118.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company’s stock valued at $612,307,000 after acquiring an additional 7,184,620 shares in the last quarter. FMR LLC lifted its holdings in shares of Howmet Aerospace by 21.2% during the 3rd quarter. FMR LLC now owns 15,086,149 shares of the company’s stock valued at $697,734,000 after buying an additional 2,635,894 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Howmet Aerospace by 4.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 23,507,379 shares of the company’s stock valued at $1,087,216,000 after buying an additional 897,463 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Howmet Aerospace by 79.9% during the 3rd quarter. Hsbc Holdings PLC now owns 1,291,989 shares of the company’s stock valued at $59,754,000 after buying an additional 573,903 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Howmet Aerospace by 313.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 732,016 shares of the company’s stock valued at $33,856,000 after buying an additional 555,054 shares during the period. 90.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the transaction, the executive vice president now owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein assumed coverage on Howmet Aerospace in a report on Friday, January 5th. They set an “outperform” rating and a $67.00 price target on the stock. Benchmark reissued a “buy” rating and set a $53.00 price target on shares of Howmet Aerospace in a report on Friday. Royal Bank of Canada began coverage on Howmet Aerospace in a report on Monday, March 18th. They set an “outperform” rating and a $75.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Finally, UBS Group upped their price objective on Howmet Aerospace from $57.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Howmet Aerospace Trading Down 0.8 %

Shares of HWM stock opened at $62.93 on Tuesday. Howmet Aerospace Inc. has a 52-week low of $42.17 and a 52-week high of $69.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86. The firm has a market capitalization of $25.70 billion, a PE ratio of 34.39, a PEG ratio of 1.65 and a beta of 1.43. The stock has a fifty day simple moving average of $65.79 and a two-hundred day simple moving average of $56.69.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $0.38 EPS. Howmet Aerospace’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, analysts predict that Howmet Aerospace Inc. will post 2.18 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 9th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Thursday, February 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 10.93%.

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.