Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,200 shares of the company’s stock after selling 4,800 shares during the period. Alberta Investment Management Corp’s holdings in Howmet Aerospace were worth $4,397,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brooklyn Investment Group grew its stake in shares of Howmet Aerospace by 6.1% in the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after purchasing an additional 97 shares during the last quarter. Guyasuta Investment Advisors Inc. grew its position in Howmet Aerospace by 1.4% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock worth $838,000 after buying an additional 104 shares during the last quarter. Caprock Group LLC increased its holdings in shares of Howmet Aerospace by 1.0% in the third quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after buying an additional 106 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of Howmet Aerospace by 4.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock valued at $318,000 after acquiring an additional 115 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Howmet Aerospace by 18.7% during the 4th quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock worth $81,000 after acquiring an additional 117 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 2.0 %

Shares of Howmet Aerospace stock opened at $139.36 on Thursday. Howmet Aerospace Inc. has a 52-week low of $62.70 and a 52-week high of $140.55. The firm has a market capitalization of $56.62 billion, a PE ratio of 49.42, a price-to-earnings-growth ratio of 1.51 and a beta of 1.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The company’s fifty day moving average price is $120.37 and its two-hundred day moving average price is $109.09.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. On average, analysts expect that Howmet Aerospace Inc. will post 3.17 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HWM. Wells Fargo & Company boosted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Susquehanna upped their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Truist Financial reissued a “buy” rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. UBS Group upped their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.28.

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.