Achmea Investment Management B.V. Acquires 2,752 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Achmea Investment Management B.V. boosted its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 64.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,000 shares of the company's stock after buying an additional 2,752 shares during the quarter. Achmea Investment Management B.V.'s holdings in Howmet Aerospace were worth $908,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp bought a new position in shares of Howmet Aerospace in the fourth quarter worth about $25,000. Meeder Asset Management Inc. increased its position in Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after buying an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Howmet Aerospace during the fourth quarter worth approximately $25,000. Washington Trust Advisors Inc. acquired a new position in shares of Howmet Aerospace during the fourth quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Benchmark upped their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. UBS Group lifted their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Wells Fargo & Company upped their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $142.13.

Howmet Aerospace Price Performance

NYSE HWM traded down $0.07 on Wednesday, hitting $176.16. 2,176,512 shares of the company were exchanged, compared to its average volume of 2,796,774. Howmet Aerospace Inc. has a 1-year low of $76.85 and a 1-year high of $187.51. The firm has a 50 day moving average of $163.92 and a two-hundred day moving average of $137.86. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The company has a market cap of $71.11 billion, a P/E ratio of 57.21, a P/E/G ratio of 2.80 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its 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 the consensus estimate of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

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

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the sale, the executive vice president owned 131,859 shares in the company, valued at $20,903,607.27. The trade was a 18.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the sale, the chief executive officer owned 236,544 shares of the company's stock, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 831,250 shares of company stock worth $130,517,863. Insiders own 1.12% of the company's stock.

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.