Catalyst Financial Partners LLC Sells 195 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Catalyst Financial Partners LLC decreased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,165 shares of the company’s stock after selling 195 shares during the period. Catalyst Financial Partners LLC’s holdings in Howmet Aerospace were worth $388,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Howmet Aerospace by 118.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company’s stock worth $612,307,000 after purchasing an additional 7,184,620 shares in the last quarter. FMR LLC raised its position in shares of Howmet Aerospace by 21.2% in the 3rd quarter. FMR LLC now owns 15,086,149 shares of the company’s stock valued at $697,734,000 after buying an additional 2,635,894 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Howmet Aerospace by 4.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 23,507,379 shares of the company’s stock valued at $1,087,216,000 after buying an additional 897,463 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at approximately $40,508,000. Finally, Hsbc Holdings PLC raised its position in shares of Howmet Aerospace by 79.9% in the 3rd quarter. Hsbc Holdings PLC now owns 1,291,989 shares of the company’s stock valued at $59,754,000 after buying an additional 573,903 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. KeyCorp upped their price objective on shares of Howmet Aerospace from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Wells Fargo & Company upped their price objective on shares of Howmet Aerospace from $72.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday. The Goldman Sachs Group upped their price objective on shares of Howmet Aerospace from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Argus boosted their target price on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $73.67.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the sale, the executive vice president now owns 229,568 shares in the company, valued at approximately $15,482,065.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.12% of the stock is owned by corporate insiders.

Howmet Aerospace Trading Up 2.0 %

Shares of NYSE:HWM traded up $1.59 during midday trading on Wednesday, reaching $81.42. The company’s stock had a trading volume of 4,056,584 shares, compared to its average volume of 3,485,567. Howmet Aerospace Inc. has a fifty-two week low of $42.17 and a fifty-two week high of $81.47. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97. The firm has a 50 day moving average price of $67.26 and a two-hundred day moving average price of $58.67. The firm has a market capitalization of $33.23 billion, a price-to-earnings ratio of 39.33, a PEG ratio of 1.89 and a beta of 1.41.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, analysts forecast that Howmet Aerospace Inc. will post 2.37 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Howmet Aerospace’s payout ratio is 9.66%.

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.