Mather Group LLC. Reduces Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Mather Group LLC. reduced its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,364 shares of the company’s stock after selling 328 shares during the quarter. Mather Group LLC.’s holdings in Howmet Aerospace were worth $399,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HWM. Accurate Wealth Management LLC purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at about $2,825,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Howmet Aerospace during the 3rd quarter worth approximately $1,697,000. QRG Capital Management Inc. bought a new position in shares of Howmet Aerospace in the 3rd quarter worth approximately $407,000. Cullen Investment Group LTD. purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at approximately $703,000. Finally, Victory Capital Management Inc. boosted its position in shares of Howmet Aerospace by 15.0% during the third quarter. Victory Capital Management Inc. now owns 347,072 shares of the company’s stock valued at $16,052,000 after purchasing an additional 45,246 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the sale, the executive vice president now owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Down 0.0 %

HWM stock opened at $66.73 on Thursday. The stock has a market capitalization of $27.25 billion, a P/E ratio of 36.46, a P/E/G ratio of 1.75 and a beta of 1.43. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87. Howmet Aerospace Inc. has a 1-year low of $42.17 and a 1-year high of $69.55. The business has a fifty day moving average price of $66.20 and a 200-day moving average price of $57.60.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.06. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $0.38 earnings per share. Equities analysts forecast that Howmet Aerospace Inc. will post 2.18 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 10th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Thursday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 10.93%.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of research reports. UBS Group increased their price objective on Howmet Aerospace from $57.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Royal Bank of Canada initiated coverage on shares of Howmet Aerospace in a research note on Monday, March 18th. They issued an “outperform” rating and a $75.00 price target for the company. Barclays boosted their price objective on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th. Sanford C. Bernstein assumed coverage on shares of Howmet Aerospace in a research note on Friday, January 5th. They set an “outperform” rating and a $67.00 target price for the company. Finally, Benchmark reissued a “buy” rating and issued a $53.00 price target on shares of Howmet Aerospace in a research report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

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.