Versant Capital Management Inc Acquires 3,154 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Versant Capital Management Inc raised its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 423.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,898 shares of the company's stock after purchasing an additional 3,154 shares during the quarter. Versant Capital Management Inc's holdings in Howmet Aerospace were worth $506,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new position in Howmet Aerospace during the fourth quarter worth about $25,000. Meeder Asset Management Inc. raised its stake in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Howmet Aerospace in the 4th quarter valued at approximately $25,000. R Squared Ltd bought a new stake in Howmet Aerospace in the 4th quarter valued at approximately $26,000. Finally, Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace during the 4th quarter worth approximately $29,000. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Shares of NYSE:HWM traded up $1.79 during trading on Wednesday, reaching $174.40. 667,437 shares of the company traded hands, compared to its average volume of 2,708,612. The firm has a market capitalization of $70.40 billion, a PE ratio of 61.84, a PEG 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. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $174.69. The company's 50 day moving average is $143.74 and its two-hundred day moving average is $129.84.

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

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's dividend payout ratio is presently 13.03%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HWM shares. Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group increased 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. Barclays increased their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Truist Financial lowered their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Royal Bank of Canada upped their target price on shares of Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $132.53.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the company's 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 transaction, the executive vice president now owns 131,859 shares in the company, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John C. Plant sold 800,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the transaction, the chief executive officer now owns 236,544 shares of the company's stock, valued at $37,127,946.24. This represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 831,250 shares of company stock valued at $130,517,863 in the last ninety days. 1.04% of the stock is owned by company insiders.

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.