Savant Capital LLC Has $238,000 Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Savant Capital LLC decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 10.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,403 shares of the company’s stock after selling 536 shares during the period. Savant Capital LLC’s holdings in Howmet Aerospace were worth $238,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its position in shares of Howmet Aerospace by 4.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 23,507,379 shares of the company’s stock worth $1,087,216,000 after buying an additional 897,463 shares during the last quarter. FMR LLC lifted its position in shares of Howmet Aerospace by 21.2% in the third quarter. FMR LLC now owns 15,086,149 shares of the company’s stock worth $697,734,000 after buying an additional 2,635,894 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Howmet Aerospace by 118.7% in the third quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company’s stock worth $612,307,000 after buying an additional 7,184,620 shares during the last quarter. Invesco Ltd. lifted its position in shares of Howmet Aerospace by 5.4% in the third quarter. Invesco Ltd. now owns 9,107,293 shares of the company’s stock worth $421,212,000 after buying an additional 463,594 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Howmet Aerospace by 8.2% in the third quarter. Northern Trust Corp now owns 3,718,495 shares of the company’s stock worth $171,980,000 after buying an additional 283,061 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $67.44, for a total value of $3,034,800.00. Following the transaction, the executive vice president now directly owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.12% of the stock is owned by company insiders.

Howmet Aerospace Trading Up 1.6 %

Shares of HWM opened at $80.18 on Tuesday. Howmet Aerospace Inc. has a 12-month low of $42.17 and a 12-month high of $80.20. The company has a quick ratio of 0.92, a current ratio of 1.97 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $32.73 billion, a price-to-earnings ratio of 38.73, a P/E/G ratio of 1.89 and a beta of 1.41. The stock’s 50-day moving average price is $66.98 and its 200 day moving average price is $58.41.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, research analysts predict that Howmet Aerospace Inc. will post 2.37 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, May 9th. Howmet Aerospace’s payout ratio is currently 9.66%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. KeyCorp boosted their price target on Howmet Aerospace from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Barclays boosted their price target on Howmet Aerospace from $65.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday. The Goldman Sachs Group boosted their price objective on Howmet Aerospace from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday. Argus boosted their price objective on Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their price objective on Howmet Aerospace from $72.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Howmet Aerospace Company 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.