Vise Technologies Inc. Buys 4,784 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Vise Technologies Inc. boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 89.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,132 shares of the company's stock after purchasing an additional 4,784 shares during the quarter. Vise Technologies Inc.'s holdings in Howmet Aerospace were worth $1,108,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HWM. Vista Investment Partners LLC bought a new position in shares of Howmet Aerospace in the fourth quarter worth $531,000. Geneos Wealth Management Inc. raised its stake in shares of Howmet Aerospace by 303.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock worth $1,199,000 after buying an additional 8,241 shares in the last quarter. Oregon Pacific Wealth Management LLC bought a new position in Howmet Aerospace during the fourth quarter valued at about $338,000. Pacer Advisors Inc. grew its holdings in Howmet Aerospace by 5.6% during the fourth quarter. Pacer Advisors Inc. now owns 39,212 shares of the company's stock worth $4,289,000 after acquiring an additional 2,085 shares during the period. Finally, Curated Wealth Partners LLC bought a new stake in Howmet Aerospace in the fourth quarter worth about $264,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on HWM shares. Barclays boosted their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Morgan Stanley increased their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average target price of $132.53.

Howmet Aerospace Stock Down 0.1%

Shares of NYSE HWM traded down $0.24 during mid-day trading on Thursday, reaching $170.08. The company had a trading volume of 3,280,658 shares, compared to its average volume of 2,939,898. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $171.51. The stock's 50 day moving average is $140.84 and its 200-day moving average is $128.15. The stock has a market capitalization of $68.66 billion, a PE ratio of 60.31, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results 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. 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 analyst estimates of $1.94 billion. During the same period in the prior year, the firm posted $0.53 EPS. The business's revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders 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 was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Insiders Place Their Bets

In other news, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction dated Monday, May 5th. The stock was 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 approximately $3,575,737.48. This represents a 5.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the firm's 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 directly owns 131,859 shares in the company, valued at $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock valued at $130,517,863 over the last ninety days. Corporate insiders own 1.04% of the company's stock.

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.