1,652 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,652 shares of the company's stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Howmet Aerospace during the fourth quarter valued at about $25,000. Meeder Asset Management Inc. raised its stake 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 valued at $25,000 after acquiring an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Howmet Aerospace during the fourth quarter valued at about $25,000. Washington Trust Advisors Inc. bought a new position in shares of Howmet Aerospace during the fourth quarter valued at about $29,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Howmet Aerospace during the fourth quarter valued at about $30,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

NYSE HWM traded down $0.61 on Friday, reaching $170.91. The company had a trading volume of 2,418,162 shares, compared to its average volume of 2,735,355. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $68.99 billion, a PE ratio of 60.61, a price-to-earnings-growth ratio of 1.92 and a beta of 1.44. The firm's 50 day moving average price is $151.46 and its 200 day moving average price is $132.83. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $177.25.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.53 EPS. Howmet Aerospace's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HWM shares. Royal Bank of Canada increased their price target on shares of Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Benchmark increased their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Morgan Stanley increased their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company increased their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average target price of $137.88.

Insider Activity at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the business's 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 now owns 131,859 shares in the company, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president now owns 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock worth $130,517,863 in the last 90 days. 1.04% of the stock is owned by corporate insiders.

About Howmet Aerospace

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.