Castlekeep Investment Advisors LLC Purchases New Position in Howmet Aerospace Inc. (NYSE:HWM)

Castlekeep Investment Advisors LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 23,405 shares of the company's stock, valued at approximately $2,560,000.

Several other hedge funds have also recently made changes to their positions in HWM. Vise Technologies Inc. raised its stake in shares of Howmet Aerospace by 89.5% in the fourth quarter. Vise Technologies Inc. now owns 10,132 shares of the company's stock worth $1,108,000 after buying an additional 4,784 shares during the period. Pinkerton Retirement Specialists LLC grew its position in shares of Howmet Aerospace by 217.9% during the fourth quarter. Pinkerton Retirement Specialists LLC now owns 8,238 shares of the company's stock valued at $901,000 after purchasing an additional 5,647 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its holdings in shares of Howmet Aerospace by 11.6% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,058 shares of the company's stock worth $334,000 after purchasing an additional 319 shares during the last quarter. Kolinsky Wealth Management LLC bought a new stake in shares of Howmet Aerospace in the fourth quarter worth about $222,000. Finally, Delta Investment Management LLC lifted its position in shares of Howmet Aerospace by 60.4% in the fourth quarter. Delta Investment Management LLC now owns 4,626 shares of the company's stock worth $506,000 after buying an additional 1,742 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HWM. Morgan Stanley lifted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Barclays increased their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Wells Fargo & Company upped their price objective on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group lifted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $132.53.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace 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 sale, the chief executive officer now owns 236,544 shares of the company's stock, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 now directly owns 23,044 shares in the company, valued at $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock valued at $130,517,863 in the last three months. 1.04% of the stock is owned by insiders.

Howmet Aerospace Stock Up 2.7%

NYSE HWM traded up $4.53 during trading on Tuesday, reaching $169.62. 2,844,635 shares of the company's stock traded hands, compared to its average volume of 2,698,329. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The firm has a market cap of $68.47 billion, a price-to-earnings ratio of 60.15, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The company's 50 day simple moving average is $139.29 and its two-hundred day simple moving average is $127.56. Howmet Aerospace Inc. has a 12-month low of $76.83 and a 12-month high of $169.78.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data 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. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the business posted $0.53 EPS. The firm's quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.24%. Howmet Aerospace's payout ratio is 13.03%.

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.