Vinva Investment Management Ltd Lowers Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Vinva Investment Management Ltd lessened its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,605 shares of the company's stock after selling 8,920 shares during the quarter. Vinva Investment Management Ltd's holdings in Howmet Aerospace were worth $4,147,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Xponance Inc. increased its stake in Howmet Aerospace by 9.1% during the fourth quarter. Xponance Inc. now owns 62,195 shares of the company's stock worth $6,802,000 after purchasing an additional 5,167 shares during the period. Boston Partners increased its stake in Howmet Aerospace by 6.4% during the 4th quarter. Boston Partners now owns 5,460,744 shares of the company's stock worth $597,460,000 after buying an additional 326,719 shares during the period. Generali Asset Management SPA SGR acquired a new stake in Howmet Aerospace during the 4th quarter worth approximately $3,836,000. Advisors Asset Management Inc. boosted its position in Howmet Aerospace by 3.7% in the 4th quarter. Advisors Asset Management Inc. now owns 89,473 shares of the company's stock valued at $9,786,000 after buying an additional 3,153 shares during the period. Finally, Mystic Asset Management Inc. purchased a new position in Howmet Aerospace in the 4th quarter valued at approximately $219,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

HWM traded up $5.38 during trading on Monday, hitting $136.23. 2,406,597 shares of the stock were exchanged, compared to its average volume of 2,634,947. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The stock has a fifty day moving average price of $128.09 and a two-hundred day moving average price of $114.61. The firm has a market capitalization of $55.18 billion, a P/E ratio of 48.31, a PEG ratio of 1.92 and a beta of 1.54.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.74 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 business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business 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 was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.18%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HWM. The Goldman Sachs Group increased their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Morgan Stanley boosted their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. 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 report on Wednesday, December 11th. Finally, Barclays increased their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report 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.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus target price of $123.28.

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.