Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 38.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,241 shares of the company's stock after buying an additional 11,622 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Howmet Aerospace were worth $4,620,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new position in Howmet Aerospace in the 4th quarter worth $25,000. Meeder Asset Management Inc. grew its holdings in Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after buying an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Howmet Aerospace in the 4th quarter worth $25,000. R Squared Ltd purchased a new position in Howmet Aerospace during the 4th quarter valued at approximately $26,000. Finally, Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace in the fourth quarter worth $29,000. 90.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other 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 transaction of $193,962.50. Following the completion of the sale, the vice president now owns 23,044 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John C. Plant sold 800,000 shares of the company's 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 approximately $37,127,946.24. This trade represents a 77.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HWM shares. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Royal Bank of Canada lifted their price target on Howmet Aerospace from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. UBS Group upped 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. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Finally, Benchmark increased their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $132.53.

Howmet Aerospace Stock Performance

Howmet Aerospace stock traded up $1.11 during midday trading on Thursday, hitting $175.05. 1,983,762 shares of the company were exchanged, compared to its average volume of 2,712,160. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $176.45. The firm has a market capitalization of $70.66 billion, a PE ratio of 62.07, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The business has a fifty day simple moving average of $144.63 and a two-hundred day simple moving average of $130.15. 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 (NYSE:HWM - Get Free Report) last issued its quarterly earnings data 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 net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the company earned $0.53 EPS. The business's revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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

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.