ProShare Advisors LLC Has $7.99 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

ProShare Advisors LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,010 shares of the company's stock after buying an additional 4,124 shares during the quarter. ProShare Advisors LLC's holdings in Howmet Aerospace were worth $7,985,000 as of its most recent filing with the Securities and Exchange Commission.

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 position in shares of Howmet Aerospace by 28.0% in the 4th quarter. Private Trust Co. NA now owns 407 shares of the company's stock valued at $45,000 after acquiring an additional 89 shares during the period. O Neil Global Advisors Inc. increased its stake in Howmet Aerospace by 0.5% in the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock valued at $2,136,000 after purchasing an additional 90 shares in the last quarter. Brooklyn Investment Group raised its holdings in Howmet Aerospace by 6.1% in the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock worth $183,000 after purchasing an additional 97 shares during the period. Frank Rimerman Advisors LLC boosted its position in shares of Howmet Aerospace by 0.7% during the fourth quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock worth $1,644,000 after purchasing an additional 100 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its position in shares of Howmet Aerospace by 1.4% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock worth $838,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HWM shares. UBS Group lifted their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. The Goldman Sachs Group lifted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company increased their target price on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Finally, Morgan Stanley upped their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $132.53.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the transaction, the executive vice president now owns 131,859 shares of the company's stock, valued at $20,903,607.27. This represents a 18.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction that occurred on 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 owns 23,044 shares in the company, valued at $3,575,737.48. This represents a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 831,250 shares of company stock worth $130,517,863. Corporate insiders own 1.04% of the company's stock.

Howmet Aerospace Stock Performance

NYSE HWM traded down $2.30 on Wednesday, hitting $162.80. 1,858,452 shares of the stock were exchanged, compared to its average volume of 2,697,124. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The business's fifty day moving average is $136.50 and its 200 day moving average is $125.88. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $166.50. The company has a market capitalization of $65.72 billion, a PE ratio of 57.73, a P/E/G ratio of 1.92 and a beta of 1.37.

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 the consensus estimate of $0.77 by $0.09. The company 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%. Howmet Aerospace's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Howmet Aerospace Company 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.