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United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $856,000 Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Howmet Aerospace logo with Aerospace background

Key Points

  • United Super Pty Ltd significantly increased its stake in Howmet Aerospace by 120%, now owning 6,600 shares valued at $856,000, highlighting growing institutional interest in the company.
  • Howmet Aerospace's recent earnings report showed an EPS of $0.91, surpassing expectations and demonstrating a 9.2% year-over-year revenue growth with total revenue of $2.05 billion.
  • The company recently raised its quarterly dividend from $0.10 to $0.12, indicating a commitment to returning value to shareholders.
  • MarketBeat previews the top five stocks to own by September 1st.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 120.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,600 shares of the company's stock after buying an additional 3,600 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Howmet Aerospace were worth $856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Winslow Capital Management LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $265,844,000. GAMMA Investing LLC raised its position in Howmet Aerospace by 15,741.8% in the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock valued at $1,723,040,000 after purchasing an additional 1,319,792 shares during the last quarter. Janus Henderson Group PLC raised its position in Howmet Aerospace by 10.3% during 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 Howmet Aerospace during the fourth quarter worth about $102,996,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Howmet Aerospace by 29.0% during the fourth 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 purchasing an additional 571,452 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Up 1.5%

Shares of HWM traded up $2.66 during mid-day trading on Wednesday, reaching $181.98. 2,014,763 shares of the stock traded hands, compared to its average volume of 3,091,103. The firm has a market cap of $73.36 billion, a price-to-earnings ratio of 53.21, a P/E/G ratio of 2.56 and a beta of 1.48. The stock has a fifty day simple moving average of $178.86 and a 200 day simple moving average of $150.10. Howmet Aerospace Inc. has a 12-month low of $87.64 and a 12-month high of $193.26. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65.

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

Howmet Aerospace Increases Dividend

The firm also recently disclosed 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 is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 8th. Howmet Aerospace's dividend payout ratio is presently 11.70%.

Insiders Place Their Bets

In other news, CEO John C. Plant sold 800,000 shares of the business'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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction dated 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 sale, the executive vice president owned 131,859 shares in the company, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.12% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HWM. Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday. BTIG Research set a $205.00 price objective on shares of Howmet Aerospace and gave the company a "buy" rating in a research note on Monday. Bank of America increased their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, UBS Group increased their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $172.13.

Read Our Latest Stock Analysis on HWM

About Howmet Aerospace

(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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Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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