USS Investment Management Ltd Buys 79,457 Shares of Howmet Aerospace Inc. (NYSE:HWM)

USS Investment Management Ltd raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 448.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,157 shares of the company's stock after acquiring an additional 79,457 shares during the period. USS Investment Management Ltd's holdings in Howmet Aerospace were worth $10,628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Private Trust Co. NA grew 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 valued at $45,000 after acquiring an additional 89 shares during the last quarter. O Neil Global Advisors Inc. boosted its stake in shares of Howmet Aerospace by 0.5% during 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 during the period. Frank Rimerman Advisors LLC boosted its stake 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 valued at $1,644,000 after purchasing an additional 100 shares during the period. Guyasuta Investment Advisors Inc. lifted its stake in Howmet Aerospace by 1.4% in the fourth 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 stake in Howmet Aerospace by 2.6% in the fourth 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 currently owned by institutional investors.

Howmet Aerospace Price Performance

NYSE HWM traded up $2.04 during trading hours on Friday, reaching $165.05. The company's stock had a trading volume of 2,045,006 shares, compared to its average volume of 2,697,829. The firm's 50-day moving average price is $138.63 and its 200-day moving average price is $127.01. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 1 year low of $76.83 and a 1 year high of $166.50. The company has a market capitalization of $66.63 billion, a price-to-earnings ratio of 58.53, a PEG 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 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the firm earned $0.53 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be 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 is Friday, May 9th. Howmet Aerospace's payout ratio is 13.03%.

Insiders Place Their Bets

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $156.96, for a total value of $125,568,000.00. Following the sale, the chief executive officer now owns 236,544 shares of the company's stock, valued at $37,127,946.24. The trade was a 77.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the sale, the executive vice president now directly owns 131,859 shares in the company, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 in the last quarter. 1.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Benchmark raised their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. UBS Group raised their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Royal Bank of Canada raised their price objective on Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $132.53.

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.