23,405 Shares in Howmet Aerospace Inc. (NYSE:HWM) Bought by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC purchased a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,405 shares of the company's stock, valued at approximately $2,560,000.

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

Howmet Aerospace Price Performance

Shares of NYSE HWM traded down $0.22 during mid-day trading on Thursday, reaching $170.10. 1,620,974 shares of the company were exchanged, compared to its average volume of 2,695,554. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $173.05. The company's 50 day moving average price is $140.84 and its 200 day moving average price is $128.15. The stock has a market capitalization of $68.66 billion, a PE ratio of 60.32, a PEG ratio of 1.92 and a beta of 1.37. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

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

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Insider Transactions at Howmet Aerospace

In other news, CEO John C. Plant sold 800,000 shares of the firm's 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 transaction, the chief executive officer now directly owns 236,544 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace 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 owns 23,044 shares in the company, 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. In the last ninety days, insiders sold 831,250 shares of company stock worth $130,517,863. 1.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Barclays upped their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. UBS Group boosted their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Morgan Stanley raised their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Wells Fargo & Company lifted their price target 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, Royal Bank of Canada increased their price objective on Howmet Aerospace from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Howmet Aerospace has an average rating of "Moderate Buy" and an average price target of $132.53.

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.