Vontobel Holding Ltd. Grows Stake in Howmet Aerospace Inc. (NYSE:HWM)

Vontobel Holding Ltd. grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 628.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,747 shares of the company's stock after acquiring an additional 26,525 shares during the quarter. Vontobel Holding Ltd.'s holdings in Howmet Aerospace were worth $3,989,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HWM. Alta Advisers Ltd bought a new stake in Howmet Aerospace during the 1st quarter valued at about $260,000. Deseret Mutual Benefit Administrators increased its position in shares of Howmet Aerospace by 5.1% during the first quarter. Deseret Mutual Benefit Administrators now owns 3,041 shares of the company's stock valued at $395,000 after acquiring an additional 148 shares in the last quarter. Riverstone Advisors LLC raised its holdings in Howmet Aerospace by 4.3% in the 1st quarter. Riverstone Advisors LLC now owns 4,905 shares of the company's stock worth $636,000 after acquiring an additional 200 shares during the last quarter. Koshinski Asset Management Inc. bought a new position in Howmet Aerospace in the 1st quarter valued at approximately $235,000. Finally, Washington Trust Advisors Inc. boosted its stake in Howmet Aerospace by 76.3% during the 1st quarter. Washington Trust Advisors Inc. now owns 462 shares of the company's stock valued at $60,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HWM. Benchmark boosted their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a report on Monday. Finally, UBS Group boosted their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Four research 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $142.13.

Insider Buying and Selling at Howmet Aerospace

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 sale, the executive vice president directly owned 131,859 shares of the company's stock, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace 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 transaction, the vice president directly owned 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. Over the last quarter, insiders sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.04% of the company's stock.

Howmet Aerospace Stock Performance

NYSE HWM traded up $4.64 during trading hours on Friday, hitting $180.59. 1,766,373 shares of the company's stock traded hands, compared to its average volume of 2,802,076. Howmet Aerospace Inc. has a 52 week low of $77.22 and a 52 week high of $187.51. The firm has a market capitalization of $72.90 billion, a P/E ratio of 58.82, a P/E/G ratio of 2.65 and a beta of 1.43. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The business's fifty day moving average price is $165.79 and its two-hundred day moving average price is $138.59.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly 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. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company's revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 EPS. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were given a dividend of $0.10 per share. The ex-dividend date was Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.22%. 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.