Howmet Aerospace Inc. (NYSE:HWM) Stake Raised by Quadrature Capital Ltd

Quadrature Capital Ltd increased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 303.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,629 shares of the company’s stock after acquiring an additional 17,777 shares during the period. Quadrature Capital Ltd’s holdings in Howmet Aerospace were worth $1,279,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Headinvest LLC purchased a new stake in shares of Howmet Aerospace during the 3rd quarter worth about $30,000. Lindbrook Capital LLC raised its stake in shares of Howmet Aerospace by 34.4% during the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock worth $48,000 after purchasing an additional 229 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Howmet Aerospace by 62.9% during the 4th quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock worth $53,000 after purchasing an additional 377 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Howmet Aerospace by 33.1% during the 4th quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after purchasing an additional 271 shares in the last quarter. Finally, Psagot Value Holdings Ltd. Israel raised its stake in shares of Howmet Aerospace by 720.0% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 1,312 shares of the company’s stock worth $71,000 after purchasing an additional 1,152 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Northcoast Research reissued a “sell” rating and set a $70.00 price objective on shares of Howmet Aerospace in a report on Friday, June 14th. Royal Bank of Canada increased their price objective on Howmet Aerospace from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Argus increased their price objective on Howmet Aerospace from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 6th. KeyCorp raised their target price on Howmet Aerospace from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Finally, Barclays raised their target price on Howmet Aerospace from $65.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.69.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $80.20 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97. The firm has a market cap of $32.74 billion, a P/E ratio of 38.74, a P/E/G ratio of 1.47 and a beta of 1.50. The business’s fifty day moving average is $77.09 and its two-hundred day moving average is $65.95. Howmet Aerospace Inc. has a 52 week low of $42.94 and a 52 week high of $85.52.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. Equities research analysts forecast that Howmet Aerospace Inc. will post 2.39 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 9.66%.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 32,614 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the transaction, the executive vice president now owns 217,687 shares of the company’s stock, valued at $18,342,306.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.12% of the stock is currently owned by insiders.

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.