Wellington Management Group LLP Has $1.07 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Wellington Management Group LLP increased its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 236.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,816 shares of the company's stock after buying an additional 6,900 shares during the quarter. Wellington Management Group LLP's holdings in Howmet Aerospace were worth $1,074,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Howmet Aerospace during the fourth quarter valued at approximately $1,001,558,000. JPMorgan Chase & Co. increased its holdings in shares of Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after buying an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC bought a new position in shares of Howmet Aerospace in the fourth quarter valued at $265,844,000. Janus Henderson Group PLC lifted its position in shares of Howmet Aerospace by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after acquiring an additional 1,026,130 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $102,996,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Down 2.5%

Shares of Howmet Aerospace stock traded down $4.36 during trading on Tuesday, hitting $168.51. 5,076,807 shares of the stock traded hands, compared to its average volume of 2,727,935. The stock has a market cap of $68.02 billion, a P/E ratio of 59.76, a PEG ratio of 1.92 and a beta of 1.44. The company has a fifty day moving average price of $148.05 and a two-hundred day moving average price of $131.81. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $177.25. 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 posted its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS 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 given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's payout ratio is 13.03%.

Insider Buying and Selling at Howmet Aerospace

In related news, CEO John C. Plant sold 800,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the sale, the chief executive officer now directly owns 236,544 shares of the company's stock, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction on Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the completion of the transaction, the executive vice president now owns 131,859 shares in the company, valued at $20,903,607.27. This trade represents 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 worth $130,517,863 over the last three months. Corporate insiders own 1.04% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HWM. Benchmark boosted their target price on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Royal Bank of Canada lifted their price target on Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a research note on Monday. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. UBS Group boosted their price target 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. Finally, Truist Financial decreased their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $134.59.

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.