Russell Investments Group Ltd. Sells 79,389 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Russell Investments Group Ltd. lowered its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 22.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 279,902 shares of the company's stock after selling 79,389 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of Howmet Aerospace worth $30,617,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Howmet Aerospace in the 3rd quarter valued at $271,000. Stifel Financial Corp grew its stake in shares of Howmet Aerospace by 12.1% during the third quarter. Stifel Financial Corp now owns 263,830 shares of the company's stock valued at $26,450,000 after acquiring an additional 28,568 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Howmet Aerospace during the 3rd quarter valued at approximately $292,000. Kovitz Investment Group Partners LLC increased its stake in shares of Howmet Aerospace by 28.6% in the third quarter. Kovitz Investment Group Partners LLC now owns 22,728 shares of the company's stock worth $2,278,000 after buying an additional 5,054 shares during the last quarter. Finally, Insigneo Advisory Services LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter worth about $217,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Up 1.2 %

HWM stock traded up $1.50 during trading hours on Friday, hitting $125.69. The company's stock had a trading volume of 2,035,883 shares, compared to its average volume of 2,752,891. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $50.91 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The stock has a 50 day moving average price of $128.80 and a two-hundred day moving average price of $118.15.

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

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HWM shares. The Goldman Sachs Group upped their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Wells Fargo & Company cut their price objective on shares of Howmet Aerospace from $146.00 to $132.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday. Finally, Barclays raised 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. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $123.28.

Howmet Aerospace 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.