Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,054 shares of the company's stock after buying an additional 6,680 shares during the period. Neville Rodie & Shaw Inc.'s holdings in Howmet Aerospace were worth $8,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HWM. Murphy & Mullick Capital Management Corp bought a new stake in Howmet Aerospace in the fourth quarter worth $25,000. Meeder Asset Management Inc. increased its position in Howmet Aerospace by 208.1% in the fourth 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 bought a new stake in Howmet Aerospace in the fourth quarter worth $25,000. R Squared Ltd bought a new stake in Howmet Aerospace in the fourth quarter worth $26,000. Finally, Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace in the fourth quarter worth $29,000. Institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

HWM has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, UBS Group boosted their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus target price of $132.53.

Insider Buying and Selling

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the 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 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. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 over the last three months. 1.04% of the stock is owned by company insiders.

Howmet Aerospace Trading Down 0.1%

Shares of HWM traded down $0.11 during trading hours on Friday, reaching $169.98. 4,749,584 shares of the company traded hands, compared to its average volume of 2,715,330. Howmet Aerospace Inc. has a 12-month low of $76.83 and a 12-month high of $171.52. The stock's fifty day moving average price is $142.16 and its 200 day moving average price is $129.01. The firm has a market cap of $68.62 billion, a price-to-earnings ratio of 60.28, a PEG ratio of 1.92 and a beta of 1.37. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) 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.