Paradigm Asset Management Co. LLC Reduces Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Paradigm Asset Management Co. LLC cut its position in Howmet Aerospace Inc. (NYSE:HWM) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,100 shares of the company’s stock after selling 400 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Howmet Aerospace were worth $120,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. RiverPark Advisors LLC acquired a new position in Howmet Aerospace in the 3rd quarter worth approximately $26,000. R Squared Ltd purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at $26,000. Hollencrest Capital Management purchased a new stake in shares of Howmet Aerospace in the 3rd quarter valued at $30,000. Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth $33,000. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Howmet Aerospace during the fourth quarter worth $34,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

HWM opened at $129.83 on Friday. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. The firm has a market capitalization of $52.58 billion, a PE ratio of 46.04, a PEG ratio of 1.94 and a beta of 1.50. 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 firm’s 50-day moving average price is $121.18 and its 200 day moving average price is $109.59.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The business 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%. As a group, sell-side analysts expect that Howmet Aerospace Inc. will post 3.26 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.10 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is presently 14.18%.

Analyst Upgrades and Downgrades

HWM has been the topic of several recent research reports. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Morgan Stanley upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. UBS Group boosted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Barclays raised their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday. 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.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $123.28.

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.