Snowden Capital Advisors LLC Reduces Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Snowden Capital Advisors LLC trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 12.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,769 shares of the company’s stock after selling 389 shares during the period. Snowden Capital Advisors LLC’s holdings in Howmet Aerospace were worth $303,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vista Investment Partners LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter valued at about $531,000. Ameritas Advisory Services LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter valued at about $289,000. Geneos Wealth Management Inc. increased its holdings in shares of Howmet Aerospace by 303.1% in the fourth quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company’s stock valued at $1,199,000 after purchasing an additional 8,241 shares during the period. Oregon Pacific Wealth Management LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter valued at about $338,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Howmet Aerospace by 5.6% in the fourth quarter. Pacer Advisors Inc. now owns 39,212 shares of the company’s stock valued at $4,289,000 after purchasing an additional 2,085 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO John C. Plant sold 800,000 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $156.96, for a total value of $125,568,000.00. Following the completion of the transaction, the chief executive officer now owns 236,544 shares of the company’s stock, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president now directly owns 23,044 shares of the company’s stock, valued at $3,575,737.48. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. BTIG Research reissued a “buy” rating on shares of Howmet Aerospace in a report on Monday, May 5th. Northcoast Research raised Howmet Aerospace from a “sell” rating to a “neutral” rating in a report on Wednesday, April 9th. UBS Group increased their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, Barclays increased their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.53.

Howmet Aerospace Stock Performance

NYSE HWM opened at $162.96 on Friday. The stock has a market capitalization of $65.78 billion, a price-to-earnings ratio of 57.79, a PEG ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $166.50. 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 stock has a 50-day moving average of $137.89 and a 200 day moving average of $126.57.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Howmet Aerospace’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. Sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.25%. Howmet Aerospace’s payout ratio is 13.03%.

Howmet Aerospace 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.