Zacks Investment Management Sells 11,844 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Zacks Investment Management reduced its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 168,910 shares of the company's stock after selling 11,844 shares during the quarter. Zacks Investment Management's holdings in Howmet Aerospace were worth $18,474,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HWM. Wellington Management Group LLP acquired a new position in shares of Howmet Aerospace during the 3rd quarter worth about $292,000. Sanctuary Advisors LLC boosted its position in shares of Howmet Aerospace by 49.1% in the third quarter. Sanctuary Advisors LLC now owns 29,460 shares of the company's stock valued at $2,953,000 after acquiring an additional 9,707 shares during the period. Wilmington Savings Fund Society FSB grew its stake in shares of Howmet Aerospace by 45.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 7,397 shares of the company's stock worth $742,000 after acquiring an additional 2,324 shares during the last quarter. Tidal Investments LLC grew its position in Howmet Aerospace by 60.0% in the 3rd quarter. Tidal Investments LLC now owns 56,490 shares of the company's stock worth $5,663,000 after purchasing an additional 21,176 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Howmet Aerospace by 58.0% during the third quarter. Franklin Resources Inc. now owns 570,476 shares of the company's stock valued at $58,559,000 after acquiring an additional 209,492 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Trading Up 3.0 %

Shares of HWM traded up $3.56 during trading hours on Tuesday, reaching $123.03. The stock had a trading volume of 462,897 shares, compared to its average volume of 2,739,487. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. 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 cap of $49.83 billion, a P/E ratio of 43.65, a P/E/G ratio of 1.92 and a beta of 1.25. The firm has a 50-day moving average of $128.23 and a 200 day moving average of $119.11.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results 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. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be issued a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. Howmet Aerospace's dividend payout ratio is currently 14.18%.

Analyst Ratings Changes

HWM has been the subject of a number of research reports. Barclays raised their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $118.00 price objective (down previously from $132.00) on shares of Howmet Aerospace in a report on Tuesday, April 15th. The Goldman Sachs Group boosted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.06.

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.