Banque Cantonale Vaudoise Invests $1.95 Million in Howmet Aerospace Inc. (NYSE:HWM)

Key Points

• Banque Cantonale Vaudoise has acquired 15,057 shares of Howmet Aerospace Inc., valued at approximately $1,954,000, as per its latest SEC filing.
• Insider selling occurred as both EVP Neil Edward Marchuk and CEO John C. Plant sold significant shares, resulting in an 18.53% and 77.18% decrease in their respective positions.
• Howmet Aerospace has increased its quarterly dividend from $0.10 to $0.12, representing a yield of 0.25% and reflecting the company's solid financial health.

Banque Cantonale Vaudoise bought a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,057 shares of the company's stock, valued at approximately $1,954,000.

Several other hedge funds also recently added to or reduced their stakes in HWM. Meeder Asset Management Inc. increased its position in shares of Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Howmet Aerospace in the fourth quarter valued at about $25,000. Kapitalo Investimentos Ltda bought a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $30,000. GPS Wealth Strategies Group LLC grew its holdings in shares of Howmet Aerospace by 114.6% during the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after purchasing an additional 141 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Howmet Aerospace during the first quarter valued at approximately $37,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction dated Monday, May 5th. The shares were 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 owned 23,044 shares of the company's stock, valued at $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 236,544 shares of the company's stock, valued at $37,127,946.24. This trade represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 831,250 shares of company stock worth $130,517,863. Company insiders own 1.04% of the company's stock.

Howmet Aerospace Stock Up 2.6%

NYSE:HWM traded up $4.63 during trading hours on Friday, reaching $184.40. The company's stock had a trading volume of 5,089,161 shares, compared to its average volume of 2,663,346. The company has a market cap of $74.44 billion, a price-to-earnings ratio of 53.92, a price-to-earnings-growth ratio of 2.64 and a beta of 1.48. Howmet Aerospace Inc. has a one year low of $85.39 and a one year high of $193.26. The business's 50-day moving average is $178.35 and its 200-day moving average is $149.14. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.07.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.99 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The business's quarterly revenue was up 9.2% compared to the same quarter last year. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be paid a $0.12 dividend. The ex-dividend date is Friday, August 8th. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace's dividend payout ratio is 13.03%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HWM. Morgan Stanley boosted their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Truist Financial boosted their target price on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $153.47.

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.