ING Groep NV Sells 75,298 Shares of Howmet Aerospace Inc. (NYSE:HWM)

ING Groep NV trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 72.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,788 shares of the company’s stock after selling 75,298 shares during the period. ING Groep NV’s holdings in Howmet Aerospace were worth $3,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Advyzon Investment Management LLC bought a new position in Howmet Aerospace during the 4th quarter worth about $335,000. Cumberland Partners Ltd grew its holdings in Howmet Aerospace by 17.9% during the 4th quarter. Cumberland Partners Ltd now owns 88,475 shares of the company’s stock worth $9,677,000 after acquiring an additional 13,455 shares in the last quarter. Ieq Capital LLC grew its holdings in Howmet Aerospace by 186.7% during the 4th quarter. Ieq Capital LLC now owns 58,937 shares of the company’s stock worth $6,446,000 after acquiring an additional 38,379 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Howmet Aerospace by 82.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,107 shares of the company’s stock worth $121,000 after acquiring an additional 500 shares in the last quarter. Finally, DSM Capital Partners LLC grew its holdings in Howmet Aerospace by 21.0% during the 4th quarter. DSM Capital Partners LLC now owns 1,011,961 shares of the company’s stock worth $110,678,000 after acquiring an additional 175,409 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on HWM. UBS Group increased their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Bank of America increased their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Robert W. Baird increased their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group increased their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Stock Down 6.2 %

Howmet Aerospace stock opened at $129.83 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The firm has a market capitalization of $52.58 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The stock’s fifty day moving average is $121.18 and its two-hundred day moving average is $109.74.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s payout ratio is currently 14.18%.

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.