Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP decreased its position in Howmet Aerospace Inc. (NYSE:HWM) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,130 shares of the company’s stock after selling 128 shares during the quarter. Aigen Investment Management LP’s holdings in Howmet Aerospace were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its position in shares of Howmet Aerospace by 13.1% in the third quarter. QRG Capital Management Inc. now owns 6,186 shares of the company’s stock valued at $620,000 after buying an additional 718 shares during the last quarter. Graypoint LLC acquired a new stake in Howmet Aerospace during the third quarter worth approximately $235,000. Principal Financial Group Inc. grew its stake in Howmet Aerospace by 7.9% in the 3rd quarter. Principal Financial Group Inc. now owns 484,345 shares of the company’s stock worth $48,556,000 after acquiring an additional 35,601 shares during the period. Hollencrest Capital Management acquired a new position in Howmet Aerospace in the 3rd quarter valued at $30,000. Finally, Assetmark Inc. lifted its stake in shares of Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM opened at $124.70 on Monday. The business’s 50-day simple moving average is $124.95 and its 200 day simple moving average is $112.39. The company has a market cap of $50.51 billion, a P/E ratio of 44.22, a PEG ratio of 1.92 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.10 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is currently 14.18%.

Analysts Set New Price Targets

HWM has been the subject of a number of recent analyst reports. Bank of America lifted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Barclays lifted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. The Goldman Sachs Group raised their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company increased their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One equities research 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. According to MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target 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.