iSAM Funds UK Ltd Invests $324,000 in Howmet Aerospace Inc. (NYSE:HWM)

iSAM Funds UK Ltd purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,964 shares of the company's stock, valued at approximately $324,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its stake in Howmet Aerospace by 28.0% in the fourth quarter. Private Trust Co. NA now owns 407 shares of the company's stock valued at $45,000 after purchasing an additional 89 shares in the last quarter. O Neil Global Advisors Inc. increased its holdings in Howmet Aerospace by 0.5% in the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock valued at $2,136,000 after buying an additional 90 shares during the period. Frank Rimerman Advisors LLC raised its position in shares of Howmet Aerospace by 0.7% in the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock valued at $1,644,000 after buying an additional 100 shares in the last quarter. Guyasuta Investment Advisors Inc. lifted its holdings in shares of Howmet Aerospace by 1.4% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock worth $838,000 after acquiring an additional 104 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Howmet Aerospace by 2.6% during the 4th quarter. Signaturefd LLC now owns 4,392 shares of the company's stock worth $480,000 after acquiring an additional 113 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HWM has been the topic of several recent analyst reports. Barclays lifted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Morgan Stanley lifted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Benchmark increased their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada boosted their price target on Howmet Aerospace from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $132.53.

Howmet Aerospace Price Performance

Shares of HWM stock traded up $2.04 during trading on Monday, hitting $165.05. The company had a trading volume of 2,045,006 shares, compared to its average volume of 2,697,740. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $166.50. The stock has a market capitalization of $66.63 billion, a price-to-earnings ratio of 58.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The stock's 50-day moving average is $138.63 and its two-hundred day moving average is $127.20.

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

Howmet Aerospace Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's payout ratio is currently 13.03%.

Insider Buying and Selling

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the transaction, the executive vice president now directly owns 131,859 shares of the company's stock, valued at $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $125,568,000.00. Following the sale, the chief executive officer now directly owns 236,544 shares in the company, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 over the last three months. Corporate 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.