Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Man Group plc

Man Group plc lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 613.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,725 shares of the company's stock after purchasing an additional 67,697 shares during the period. Man Group plc's holdings in Howmet Aerospace were worth $8,610,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. grew its stake in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Howmet Aerospace in the fourth quarter worth about $25,000. R Squared Ltd acquired a new position in shares of Howmet Aerospace in the fourth quarter worth about $26,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Howmet Aerospace in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Activity at Howmet Aerospace

In other news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 12th. The shares were 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 owns 236,544 shares of the company's stock, valued at $37,127,946.24. This trade represents a 77.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the completion of the transaction, the executive vice president now directly owns 131,859 shares in the company, 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 quarter, insiders have sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HWM has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. UBS Group raised their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Finally, The Goldman Sachs Group raised their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $132.53.

Howmet Aerospace Price Performance

Shares of HWM opened at $162.89 on Monday. The firm has a market cap of $65.75 billion, a PE ratio of 57.76, a PEG ratio of 1.92 and a beta of 1.37. The firm's 50 day moving average price is $134.88 and its 200 day moving average price is $125.15. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $162.91.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. As a group, research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors 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 0.25%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's payout ratio is presently 13.03%.

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.

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