Achmea Investment Management B.V. Reduces Stake in Howmet Aerospace Inc. (NYSE:HWM)

Achmea Investment Management B.V. reduced its position in Howmet Aerospace Inc. (NYSE:HWM) by 71.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,248 shares of the company’s stock after selling 10,662 shares during the period. Achmea Investment Management B.V.’s holdings in Howmet Aerospace were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. lifted its position in Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after purchasing an additional 126 shares in the last quarter. Apollon Wealth Management LLC lifted its position in Howmet Aerospace by 25.0% during the third quarter. Apollon Wealth Management LLC now owns 6,447 shares of the company’s stock valued at $646,000 after purchasing an additional 1,289 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new position in Howmet Aerospace during the third quarter valued at $201,000. Oppenheimer & Co. Inc. lifted its position in Howmet Aerospace by 135.9% during the third quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock valued at $2,622,000 after purchasing an additional 15,070 shares in the last quarter. Finally, KBC Group NV lifted its position in Howmet Aerospace by 25.2% during the third quarter. KBC Group NV now owns 47,272 shares of the company’s stock valued at $4,739,000 after purchasing an additional 9,525 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Morgan Stanley lifted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Barclays boosted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group boosted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Trading Up 3.1 %

Shares of NYSE HWM opened at $126.56 on Friday. The business’s 50 day moving average is $126.39 and its two-hundred day moving average is $113.26. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The stock has a market capitalization of $51.26 billion, a P/E ratio of 44.88, a PEG ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data 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. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. As a group, research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

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