GAMMA Investing LLC Raises Position in Howmet Aerospace Inc. (NYSE:HWM)

GAMMA Investing LLC increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 22.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,238 shares of the company's stock after buying an additional 1,854 shares during the period. GAMMA Investing LLC's holdings in Howmet Aerospace were worth $1,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock valued at $279,000 after purchasing an additional 130 shares during the period. Lake Street Advisors Group LLC bought a new stake in Howmet Aerospace during the 4th quarter valued at $208,000. New York Life Investment Management LLC increased its holdings in shares of Howmet Aerospace by 11.1% in the 4th quarter. New York Life Investment Management LLC now owns 60,083 shares of the company's stock valued at $6,571,000 after acquiring an additional 5,979 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Howmet Aerospace in the 4th quarter worth $223,000. Finally, QRG Capital Management Inc. raised its position in shares of Howmet Aerospace by 12.4% in the 4th quarter. QRG Capital Management Inc. now owns 6,952 shares of the company's stock worth $760,000 after acquiring an additional 766 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Performance

HWM stock traded up $8.22 during midday trading on Friday, reaching $185.07. The stock had a trading volume of 23,826,568 shares, compared to its average volume of 2,779,244. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30. The firm has a fifty day simple moving average of $161.55 and a two-hundred day simple moving average of $136.92. The stock has a market cap of $74.71 billion, a PE ratio of 60.28, a P/E/G ratio of 2.79 and a beta of 1.44. Howmet Aerospace Inc. has a 52-week low of $76.85 and a 52-week high of $185.52.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data 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. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the business posted $0.53 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were given 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 0.22%. Howmet Aerospace's dividend payout ratio is presently 13.03%.

Analyst Ratings Changes

HWM has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price objective on Howmet Aerospace from $165.00 to $200.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Wells Fargo & Company boosted their price objective 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. Finally, UBS Group raised their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Four investment 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $142.13.

Insider Buying and Selling at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the sale, the vice president now owns 23,044 shares in the company, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace 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 transaction, the executive vice president now owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is owned by 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.