Sciencast Management LP Cuts Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Sciencast Management LP reduced its position in Howmet Aerospace Inc. (NYSE:HWM) by 59.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,235 shares of the company’s stock after selling 16,398 shares during the quarter. Sciencast Management LP’s holdings in Howmet Aerospace were worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Howmet Aerospace in the 4th quarter worth $26,000. Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace in the 4th quarter valued at $29,000. Global Trust Asset Management LLC acquired a new stake in Howmet Aerospace in the 4th quarter valued at $33,000. Hanson & Doremus Investment Management acquired a new stake in Howmet Aerospace in the 4th quarter valued at $34,000. Finally, ORG Partners LLC acquired a new stake in Howmet Aerospace in the 4th quarter valued at $44,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on HWM. Wells Fargo & Company increased their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. The Goldman Sachs Group increased their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Barclays increased their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley increased their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Performance

HWM opened at $130.70 on Friday. The business’s 50 day moving average is $128.09 and its 200-day moving average is $114.46. The stock has a market cap of $52.94 billion, a PE ratio of 46.35, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55.

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

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is 14.18%.

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.