Catalyst Financial Partners LLC Sells 1,381 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Catalyst Financial Partners LLC trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 19.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,802 shares of the company’s stock after selling 1,381 shares during the period. Catalyst Financial Partners LLC’s holdings in Howmet Aerospace were worth $635,000 at the end of the most recent reporting period.

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

Howmet Aerospace Price Performance

HWM opened at $127.97 on Friday. The business has a fifty day moving average of $118.59 and a 200 day moving average of $107.60. The stock has a market cap of $51.99 billion, a P/E ratio of 48.84, a PEG ratio of 1.45 and a beta of 1.50. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 52-week low of $62.38 and a 52-week high of $129.95.

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 14.81% and a return on equity of 24.50%. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 2.66 EPS for the current 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 paid a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Analyst Ratings Changes

A number of equities analysts recently commented on HWM shares. Susquehanna increased their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Robert W. Baird raised their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Sanford C. Bernstein upped their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Barclays boosted their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company increased 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $115.71.

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.