Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,251 shares of the company’s stock after selling 3,325 shares during the period. Yousif Capital Management LLC’s holdings in Howmet Aerospace were worth $2,882,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HWM. Accurate Wealth Management LLC acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $2,825,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Howmet Aerospace in the 3rd quarter valued at about $1,697,000. QRG Capital Management Inc. acquired a new position in Howmet Aerospace during the 3rd quarter valued at about $407,000. Cullen Investment Group LTD. bought a new stake in shares of Howmet Aerospace during the 4th quarter worth about $703,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Howmet Aerospace by 15.0% in the 3rd quarter. Victory Capital Management Inc. now owns 347,072 shares of the company’s stock worth $16,052,000 after acquiring an additional 45,246 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on HWM shares. Barclays boosted their target price on Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $65.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Benchmark reiterated a “buy” rating and set a $53.00 price objective on shares of Howmet Aerospace in a research report on Friday, April 19th. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Finally, Robert W. Baird raised their target price on shares of Howmet Aerospace from $65.00 to $74.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $66.40 on Monday. The firm has a market cap of $27.12 billion, a price-to-earnings ratio of 36.28, a P/E/G ratio of 1.73 and a beta of 1.43. 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 business’s 50-day simple moving average is $65.97 and its 200-day simple moving average is $57.22. Howmet Aerospace Inc. has a 52 week low of $42.17 and a 52 week high of $69.55.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm posted $0.38 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, equities research analysts expect that Howmet Aerospace Inc. will post 2.18 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. Howmet Aerospace’s payout ratio is 10.93%.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the sale, the executive vice president now directly owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.12% of the stock is currently owned by insiders.

Howmet Aerospace Profile

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.