Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) VP Barbara Lou Shultz sold 1,250 shares of the business's 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 sale, the vice president now owns 23,044 shares of the company's stock, valued at $3,575,737.48. This trade represents a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Howmet Aerospace Trading Down 0.1 %
Shares of NYSE HWM traded down $0.10 during trading hours on Friday, hitting $157.40. 2,232,450 shares of the company traded hands, compared to its average volume of 2,669,977. The company's 50 day moving average price is $131.46 and its 200 day moving average price is $122.94. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $159.04. The stock has a market capitalization of $63.54 billion, a price-to-earnings ratio of 55.82, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.
Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating 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 company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business posted $0.53 EPS. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.
Howmet Aerospace Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be given a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.25%. Howmet Aerospace's payout ratio is presently 13.03%.
Hedge Funds Weigh In On Howmet Aerospace
Several institutional investors have recently bought and sold shares of HWM. Franklin Resources Inc. grew its stake in shares of Howmet Aerospace by 58.0% during the third quarter. Franklin Resources Inc. now owns 570,476 shares of the company's stock worth $58,559,000 after acquiring an additional 209,492 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Howmet Aerospace in the 3rd quarter worth $250,000. Principal Financial Group Inc. lifted its position in Howmet Aerospace by 7.9% during the 3rd quarter. Principal Financial Group Inc. now owns 484,345 shares of the company's stock worth $48,556,000 after acquiring an additional 35,601 shares during the period. JPMorgan Chase & Co. grew its stake in Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after purchasing an additional 1,336,592 shares during the last quarter. Finally, ORG Partners LLC purchased a new position in shares of Howmet Aerospace in the fourth quarter worth about $44,000. 90.46% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Royal Bank of Canada increased their price objective on shares of Howmet Aerospace from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. UBS Group raised their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Morgan Stanley upped their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.53.
Check Out Our Latest Analysis on HWM
About Howmet Aerospace
(
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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.
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