B. Riley Wealth Advisors Inc. increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 104.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,076 shares of the company's stock after acquiring an additional 2,591 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Howmet Aerospace were worth $555,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Howmet Aerospace by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock valued at $5,153,220,000 after acquiring an additional 352,256 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after buying an additional 2,486,649 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Howmet Aerospace by 0.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock valued at $1,445,210,000 after buying an additional 80,972 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Howmet Aerospace by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after buying an additional 1,026,130 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Howmet Aerospace by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock valued at $1,070,267,000 after buying an additional 308,574 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.
Howmet Aerospace Price Performance
Shares of NYSE HWM traded down $0.11 during trading on Friday, hitting $169.98. The company had a trading volume of 4,749,584 shares, compared to its average volume of 2,715,330. The company has a market cap of $68.62 billion, a P/E ratio of 60.28, a PEG ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $171.52. The business's 50-day moving average is $142.16 and its 200 day moving average is $128.92. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.
Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the company earned $0.53 earnings per share. The firm's revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.
Howmet Aerospace Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's payout ratio is 13.03%.
Insiders Place Their Bets
In related news, CEO John C. Plant sold 800,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the sale, the chief executive officer now directly owns 236,544 shares in the company, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of the company'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 completion of the transaction, the vice president now directly owns 23,044 shares in the company, valued at approximately $3,575,737.48. The trade was a 5.15% 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. Corporate insiders own 1.04% of the company's stock.
Wall Street Analyst Weigh In
HWM has been the topic of a number of recent analyst reports. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Benchmark lifted their price target on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Wells Fargo & Company boosted their target price on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, Barclays boosted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $132.53.
Get Our Latest Stock Report on HWM
About Howmet Aerospace
(
Free Report)
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.
See Also
Before you consider Howmet Aerospace, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Howmet Aerospace wasn't on the list.
While Howmet Aerospace currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
