ING Groep NV Reduces Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

ING Groep NV trimmed its position in Howmet Aerospace Inc. (NYSE:HWM) by 72.3% in the fourth quarter, Holdings Channel.com reports. The fund 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.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HWM shares. Bank of America boosted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Barclays upped their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Wells Fargo & Company upped their target price on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Morgan Stanley upped their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Susquehanna increased their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. One research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Price Performance

Shares of NYSE HWM 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 stock has a market cap of $52.58 billion, a price-to-earnings ratio of 46.04, a PEG 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 firm’s 50-day simple moving average is $121.18 and its 200 day simple moving average is $109.74.

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

Howmet Aerospace Increases Dividend

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

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.