Blair William & Co. IL Raises Position in Howmet Aerospace Inc. (NYSE:HWM)

Key Points

• Blair William & Co. IL increased its holdings in Howmet Aerospace Inc. by 5.8%, owning 77,105 shares valued at $10 million after acquiring additional shares in Q1.
• CEO John C. Plant sold 800,000 shares at an average price of $156.96, marking a 77.18% reduction in his stock position.
• Howmet Aerospace recently declared a quarterly dividend increase from $0.10 to $0.12 per share, with an annualized yield of 0.3%.

Blair William & Co. IL increased its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,105 shares of the company's stock after acquiring an additional 4,210 shares during the period. Blair William & Co. IL's holdings in Howmet Aerospace were worth $10,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HWM. Winslow Capital Management LLC purchased a new position in Howmet Aerospace in the fourth quarter worth $265,844,000. GAMMA Investing LLC raised its stake in shares of Howmet Aerospace by 15,741.8% during the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock worth $1,723,040,000 after purchasing an additional 1,319,792 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Howmet Aerospace by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after buying an additional 1,026,130 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Howmet Aerospace in the 4th quarter worth about $102,996,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Howmet Aerospace by 29.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,539,229 shares of the company's stock worth $277,715,000 after buying an additional 571,452 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction 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 directly owned 131,859 shares of the company's stock, valued at $20,903,607.27. This trade represents a 18.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John C. Plant sold 800,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the transaction, the chief executive officer directly owned 236,544 shares of the company's stock, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is owned by company insiders.

Howmet Aerospace Price Performance

NYSE:HWM traded down $0.91 during trading hours on Friday, hitting $180.67. The stock had a trading volume of 1,588,243 shares, compared to its average volume of 2,884,757. The company has a 50 day simple moving average of $179.32 and a two-hundred day simple moving average of $150.71. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. Howmet Aerospace Inc. has a one year low of $90.71 and a one year high of $193.26. The firm has a market capitalization of $72.83 billion, a price-to-earnings ratio of 56.39, a P/E/G ratio of 2.32 and a beta of 1.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the firm earned $0.67 EPS. The business's quarterly revenue was up 9.2% compared to the same quarter last year. Research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 8th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's payout ratio is 11.70%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Benchmark raised their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Morgan Stanley raised their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. BTIG Research set a $205.00 price target on shares of Howmet Aerospace and gave the stock a "buy" rating in a research note on Monday. Finally, Barclays restated an "overweight" rating and set a $190.00 price target (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

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.