AGF Management Ltd. Sells 81,686 Shares of Howmet Aerospace Inc. (NYSE:HWM)

AGF Management Ltd. reduced its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,670,342 shares of the company's stock after selling 81,686 shares during the period. Howmet Aerospace comprises 0.9% of AGF Management Ltd.'s portfolio, making the stock its 26th biggest position. AGF Management Ltd. owned about 0.41% of Howmet Aerospace worth $182,685,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Grant Street Asset Management Inc. boosted its stake in shares of Howmet Aerospace by 13.0% during the fourth quarter. Grant Street Asset Management Inc. now owns 2,309 shares of the company's stock valued at $253,000 after purchasing an additional 266 shares during the period. Independent Advisor Alliance lifted its holdings in Howmet Aerospace by 6.8% during the 4th quarter. Independent Advisor Alliance now owns 24,955 shares of the company's stock valued at $2,729,000 after buying an additional 1,589 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Howmet Aerospace by 7.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 51,952 shares of the company's stock valued at $5,682,000 after buying an additional 3,692 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Howmet Aerospace by 2.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 244,489 shares of the company's stock valued at $26,740,000 after buying an additional 6,953 shares during the period. Finally, Argentarii LLC bought a new position in Howmet Aerospace in the 4th quarter worth about $980,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HWM. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Bank of America upped their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Morgan Stanley upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, Barclays upped their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.28.

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Howmet Aerospace Trading Down 1.7 %

NYSE HWM opened at $122.30 on Tuesday. The company has a fifty day moving average of $125.19 and a 200 day moving average of $112.57. The company has a market capitalization of $49.53 billion, a PE ratio of 43.37, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. Howmet Aerospace's dividend payout ratio is 14.18%.

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.

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