Vident Advisory LLC Raises Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Vident Advisory LLC lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,009 shares of the company's stock after buying an additional 2,287 shares during the quarter. Vident Advisory LLC's holdings in Howmet Aerospace were worth $1,423,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace in the 4th quarter valued at $25,000. Meeder Asset Management Inc. grew its holdings in Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after buying an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Howmet Aerospace in the 4th quarter valued at $25,000. R Squared Ltd purchased a new stake in Howmet Aerospace in the 4th quarter valued at $26,000. Finally, Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace in the 4th quarter valued at $29,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $156.96, for a total value of $125,568,000.00. Following the transaction, the chief executive officer now directly owns 236,544 shares in the company, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their position. The sale was disclosed in a document filed 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 that occurred 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 transaction, the vice president now owns 23,044 shares in the company, valued at $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 over the last quarter. Company insiders own 1.04% of the company's stock.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of research analyst reports. Benchmark increased their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Wells Fargo & Company increased their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. The Goldman Sachs Group increased their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Finally, Royal Bank of Canada lifted their price objective on Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.53.

Howmet Aerospace Stock Up 1.3%

Shares of NYSE HWM traded up $2.04 during midday trading on Friday, hitting $165.05. 2,045,006 shares of the company's stock were exchanged, compared to its average volume of 2,697,740. The company has a market cap of $66.63 billion, a PE ratio of 58.53, a P/E/G ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $166.50. The firm's fifty day simple moving average is $138.63 and its 200-day simple moving average is $127.09. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The company had revenue of $1.94 billion for 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 firm'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. Research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

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.