Gateway Investment Advisers LLC purchased a new position in shares of 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 institutional investor purchased 1,771 shares of the company's stock, valued at approximately $230,000.
Other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its position in Howmet Aerospace by 156.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company's stock worth $1,014,000 after purchasing an additional 5,664 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Howmet Aerospace during the fourth quarter worth approximately $223,000. Vontobel Holding Ltd. boosted its position in Howmet Aerospace by 8.9% during the fourth quarter. Vontobel Holding Ltd. now owns 4,222 shares of the company's stock worth $462,000 after purchasing an additional 346 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Howmet Aerospace by 236.6% in the fourth quarter. Wellington Management Group LLP now owns 9,816 shares of the company's stock valued at $1,074,000 after acquiring an additional 6,900 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in shares of Howmet Aerospace by 40.4% in the fourth quarter. Apollon Wealth Management LLC now owns 9,049 shares of the company's stock valued at $990,000 after acquiring an additional 2,602 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.
Insiders Place Their Bets
In other news, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction on Monday, May 12th. The stock was 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 directly owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction on 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 sale, the vice president now directly owns 23,044 shares of the company's stock, valued at $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 over the last quarter. 1.04% of the stock is owned by insiders.
Howmet Aerospace Trading Down 0.4%
Howmet Aerospace stock traded down $0.61 during trading on Friday, reaching $170.91. 2,418,162 shares of the company were exchanged, compared to its average volume of 2,735,344. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $177.25. The company has a market capitalization of $68.99 billion, a P/E ratio of 60.61, a PEG ratio of 1.92 and a beta of 1.44. 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 stock's 50 day simple moving average is $150.34 and its two-hundred day simple moving average is $132.46.
Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. On average, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.
Howmet Aerospace Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.23%. Howmet Aerospace's dividend payout ratio (DPR) is 13.03%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Benchmark raised their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Morgan Stanley raised their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Royal Bank of Canada raised their target price on Howmet Aerospace from $165.00 to $200.00 and gave the company an "outperform" rating in a research report on Monday. Finally, JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $137.88.
Check Out Our Latest Stock Report on Howmet Aerospace
Howmet Aerospace Profile
(
Free Report)
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.
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