10,529 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by IPG Investment Advisors LLC

Key Points

• IPG Investment Advisors LLC has acquired a new position in Howmet Aerospace, purchasing 10,529 shares valued at approximately $1,366,000.
• CEO John C. Plant sold 800,000 shares of Howmet Aerospace, which represents a significant 77.18% decrease in his ownership.
• The company's most recent quarterly dividend was increased to $0.12 per share, up from the previous $0.10, reflecting a 0.3% dividend yield.

IPG Investment Advisors LLC purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,529 shares of the company's stock, valued at approximately $1,366,000.

A number of other large investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings in Howmet Aerospace by 0.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock valued at $1,445,210,000 after purchasing an additional 80,972 shares in the last quarter. Janus Henderson Group PLC grew its holdings 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 acquiring an additional 1,026,130 shares in the last quarter. Capital World Investors grew its holdings in Howmet Aerospace by 13.3% during the 4th quarter. Capital World Investors now owns 4,855,273 shares of the company's stock worth $531,021,000 after acquiring an additional 570,567 shares in the last quarter. Northern Trust Corp grew its holdings in Howmet Aerospace by 10.5% during the 4th quarter. Northern Trust Corp now owns 3,676,908 shares of the company's stock worth $402,143,000 after acquiring an additional 349,384 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in Howmet Aerospace by 0.4% during the 4th quarter. Capital Research Global Investors now owns 3,144,837 shares of the company's stock worth $343,959,000 after acquiring an additional 13,865 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HWM. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday. Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Barclays reaffirmed an "overweight" rating and issued a $190.00 price target (up from $140.00) on shares of Howmet Aerospace in a report on Monday. Benchmark lifted their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Finally, UBS Group lifted their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Price Performance

Shares of NYSE HWM traded up $2.66 during midday trading on Wednesday, reaching $181.98. The company's stock had a trading volume of 2,016,129 shares, compared to its average volume of 2,945,899. The company has a 50 day moving average price of $178.86 and a 200 day moving average price of $150.10. The company has a market cap of $73.36 billion, a price-to-earnings ratio of 53.21, a price-to-earnings-growth ratio of 2.29 and a beta of 1.48. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a one year low of $87.64 and a one year high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the firm earned $0.67 EPS. Howmet Aerospace's quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a dividend of $0.12 per share. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date is Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Howmet Aerospace's dividend payout ratio is 11.70%.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 236,544 shares in the company, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the firm's 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 completion of the sale, the executive vice president owned 131,859 shares of the company's stock, valued at $20,903,607.27. The trade was a 18.53% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.04% of the company's stock.

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.