111 Capital Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

111 Capital purchased a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,716 shares of the company's stock, valued at approximately $735,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HWM. Norges Bank purchased a new stake in Howmet Aerospace in the fourth quarter worth $1,001,558,000. JPMorgan Chase & Co. lifted its stake in Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares during the period. Winslow Capital Management LLC purchased a new stake in Howmet Aerospace in the fourth quarter worth $265,844,000. Janus Henderson Group PLC lifted its stake in Howmet Aerospace by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after acquiring an additional 1,026,130 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new stake in Howmet Aerospace in the fourth quarter worth $102,996,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insiders Place Their Bets

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was 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 approximately $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the transaction, the executive vice president now directly owns 131,859 shares in the company, valued at $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 831,250 shares of company stock valued at $130,517,863. Insiders own 1.04% of the company's stock.

Howmet Aerospace Stock Performance

NYSE HWM traded up $2.80 during trading hours on Monday, hitting $172.69. The company's stock had a trading volume of 2,287,237 shares, compared to its average volume of 2,713,620. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $172.76. The company's 50 day simple moving average is $142.94 and its two-hundred day simple moving average is $129.54. The company has a market cap of $69.71 billion, a P/E ratio of 61.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. 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 (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $0.53 EPS. Howmet Aerospace's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were given a $0.10 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.23%. Howmet Aerospace's payout ratio is 13.03%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price objective on Howmet Aerospace from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Benchmark increased their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Barclays increased their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley increased their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group increased their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Howmet Aerospace has a consensus rating of "Moderate Buy" and an average price target of $132.53.

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.