Good Life Advisors LLC Has $4.46 Million Stake in Howmet Aerospace Inc. (NYSE:HWM)

Good Life Advisors LLC lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 11.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 34,390 shares of the company's stock after purchasing an additional 3,622 shares during the period. Good Life Advisors LLC's holdings in Howmet Aerospace were worth $4,461,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Howmet Aerospace by 5.4% in 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. Avestar Capital LLC bought a new stake in Howmet Aerospace in the fourth quarter valued at approximately $220,000. Asset Management One Co. Ltd. raised its stake in Howmet Aerospace by 2.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 191,048 shares of the company's stock valued at $21,250,000 after buying an additional 4,506 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Howmet Aerospace by 8.9% during the 4th quarter. Vontobel Holding Ltd. now owns 4,222 shares of the company's stock worth $462,000 after acquiring an additional 346 shares during the period. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Howmet Aerospace by 9.5% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,784 shares of the company's stock worth $305,000 after acquiring an additional 241 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded up $0.40 during trading on Tuesday, reaching $172.00. 1,965,382 shares of the company's stock were exchanged, compared to its average volume of 2,721,285. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30. Howmet Aerospace Inc. has a 1-year low of $76.83 and a 1-year high of $177.25. The company has a market cap of $69.43 billion, a P/E ratio of 57.58, a PEG ratio of 2.59 and a beta of 1.44. The firm's 50-day moving average price is $152.61 and its 200 day moving average price is $133.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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

Insider Activity

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $20,903,607.27. This trade represents a 18.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 5th. The stock was 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 represents a 5.15% decrease in their ownership of the stock. 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. Insiders own 1.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HWM shares. Wells Fargo & Company increased their target price on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Morgan Stanley upped their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Barclays raised their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Benchmark increased their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.13.

Howmet Aerospace 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.