UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $277.72 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 29.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,539,229 shares of the company's stock after acquiring an additional 571,452 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.63% of Howmet Aerospace worth $277,715,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Private Trust Co. NA boosted its position in Howmet Aerospace by 28.0% during the fourth quarter. Private Trust Co. NA now owns 407 shares of the company's stock worth $45,000 after purchasing an additional 89 shares during the period. O Neil Global Advisors Inc. raised 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 worth $2,136,000 after acquiring an additional 90 shares during the period. Frank Rimerman Advisors LLC lifted its position in Howmet Aerospace by 0.7% during the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock worth $1,644,000 after acquiring an additional 100 shares during the last quarter. Guyasuta Investment Advisors Inc. boosted its holdings in Howmet Aerospace by 1.4% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock valued at $838,000 after acquiring an additional 104 shares during the period. Finally, Signaturefd LLC boosted its holdings in Howmet Aerospace by 2.6% during the fourth quarter. Signaturefd LLC now owns 4,392 shares of the company's stock valued at $480,000 after acquiring an additional 113 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president now directly owns 23,044 shares in the company, valued at $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction dated 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 sale, the executive vice president now directly owns 131,859 shares in the company, valued at $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 have sold 831,250 shares of company stock worth $130,517,863 over the last three months. Company insiders own 1.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HWM shares. Barclays lifted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. The Goldman Sachs Group lifted their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Wells Fargo & Company increased their price objective on 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 target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $132.53.

Howmet Aerospace Price Performance

Shares of NYSE:HWM traded up $3.24 during midday trading on Tuesday, reaching $168.33. 944,959 shares of the company's stock were exchanged, compared to its average volume of 2,691,023. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company's 50 day simple moving average is $139.29 and its two-hundred day simple moving average is $127.56. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $168.91. The firm has a market capitalization of $67.95 billion, a PE ratio of 59.66, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. The firm had revenue of $1.94 billion during 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%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. Equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.24%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio is 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.