Sentry Investment Management LLC Has $111,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

Sentry Investment Management LLC lessened its stake in Howmet Aerospace Inc. (NYSE:HWM) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,054 shares of the company’s stock after selling 221 shares during the period. Sentry Investment Management LLC’s holdings in Howmet Aerospace were worth $111,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Accurate Wealth Management LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $2,825,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Howmet Aerospace during the third quarter worth $1,697,000. QRG Capital Management Inc. bought a new stake in Howmet Aerospace in the 3rd quarter valued at $407,000. Cullen Investment Group LTD. acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $703,000. Finally, Victory Capital Management Inc. raised 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 valued at $16,052,000 after buying an additional 45,246 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HWM. Robert W. Baird upped their target price on shares of Howmet Aerospace from $65.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. UBS Group increased their target price on Howmet Aerospace from $57.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Royal Bank of Canada started coverage on Howmet Aerospace in a research report on Monday, March 18th. They issued an “outperform” rating and a $75.00 price target on the stock. Finally, KeyCorp lifted their price objective on Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Howmet Aerospace Stock Down 0.9 %

Shares of HWM opened at $63.46 on Thursday. The business’s fifty day moving average price is $65.52 and its two-hundred day moving average price is $56.24. The firm has a market capitalization of $25.92 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 1.65 and a beta of 1.43. 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.

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

Howmet Aerospace Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Thursday, February 8th. Howmet Aerospace’s dividend payout ratio is presently 10.93%.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.23% of the company’s stock.

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.