Inceptionr LLC Sells 1,091 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Inceptionr LLC trimmed its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 11.6% in the fourth quarter, HoldingsChannel reports. The firm owned 8,299 shares of the company’s stock after selling 1,091 shares during the quarter. Inceptionr LLC’s holdings in Howmet Aerospace were worth $908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWM. Robeco Institutional Asset Management B.V. boosted its position in Howmet Aerospace by 45.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 196,248 shares of the company’s stock worth $19,674,000 after purchasing an additional 61,543 shares during the period. QRG Capital Management Inc. boosted its position in Howmet Aerospace by 13.1% during the third quarter. QRG Capital Management Inc. now owns 6,186 shares of the company’s stock worth $620,000 after purchasing an additional 718 shares during the period. Amalgamated Bank boosted its position in Howmet Aerospace by 3.2% during the third quarter. Amalgamated Bank now owns 82,400 shares of the company’s stock worth $8,261,000 after purchasing an additional 2,527 shares during the period. Graypoint LLC bought a new position in Howmet Aerospace during the third quarter worth $235,000. Finally, Principal Financial Group Inc. boosted its position in Howmet Aerospace by 7.9% during the third quarter. Principal Financial Group Inc. now owns 484,345 shares of the company’s stock worth $48,556,000 after purchasing an additional 35,601 shares during the period. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HWM has been the subject of a number of research reports. Bank of America lifted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays lifted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. UBS Group lifted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Morgan Stanley lifted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Finally, Robert W. Baird lifted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Stock Down 4.5 %

Shares of NYSE HWM opened at $124.41 on Friday. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market cap of $50.39 billion, a price-to-earnings ratio of 44.12, a PEG ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The stock has a 50-day moving average price of $124.68 and a two-hundred day moving average price of $111.96.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.10 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.32%. Howmet Aerospace’s payout ratio is presently 14.18%.

About Howmet Aerospace

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.