Ossiam Sells 5,063 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Ossiam decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 23.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,294 shares of the company’s stock after selling 5,063 shares during the quarter. Ossiam’s holdings in Howmet Aerospace were worth $882,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC bought a new position in Howmet Aerospace during the 4th quarter worth approximately $2,825,000. National Bank of Canada FI raised its holdings in Howmet Aerospace by 39.0% during the 4th quarter. National Bank of Canada FI now owns 120,557 shares of the company’s stock worth $6,477,000 after purchasing an additional 33,844 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in Howmet Aerospace by 24.8% during the 4th quarter. First Trust Direct Indexing L.P. now owns 6,381 shares of the company’s stock worth $345,000 after purchasing an additional 1,269 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Howmet Aerospace during the 3rd quarter worth approximately $1,697,000. Finally, QRG Capital Management Inc. bought a new position in Howmet Aerospace during the 3rd quarter worth approximately $407,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM opened at $83.17 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92. The company has a market capitalization of $33.95 billion, a price-to-earnings ratio of 40.18, a P/E/G ratio of 1.54 and a beta of 1.50. The firm’s fifty day moving average price is $75.31 and its two-hundred day moving average price is $64.84. Howmet Aerospace Inc. has a 1 year low of $42.94 and a 1 year high of $85.52.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.74 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. As a group, analysts anticipate that Howmet Aerospace Inc. will post 2.39 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 10th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Thursday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 9.66%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HWM. Benchmark reiterated a “buy” rating and issued a $53.00 price objective on shares of Howmet Aerospace in a research note on Friday, April 19th. Robert W. Baird lifted their price objective on shares of Howmet Aerospace from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Barclays lifted their price objective on shares of Howmet Aerospace from $65.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and an average price target of $75.00.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 32,614 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $84.26, for a total value of $2,748,055.64. Following the transaction, the executive vice president now directly owns 217,687 shares of the company’s stock, valued at approximately $18,342,306.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.12% of the stock is owned by insiders.

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.