John C. Plant Sells 800,000 Shares of Howmet Aerospace Inc. (NYSE:HWM) Stock

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) CEO John C. Plant sold 800,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $156.96, for a total value of $125,568,000.00. Following the completion of the transaction, the chief executive officer now owns 236,544 shares in the company, valued at $37,127,946.24. The trade was a 77.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Howmet Aerospace Trading Up 1.1%

NYSE:HWM traded up $1.79 during mid-day trading on Thursday, hitting $161.25. 4,660,436 shares of the company's stock were exchanged, compared to its average volume of 2,697,404. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $161.81. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $65.09 billion, a P/E ratio of 57.18, a PEG ratio of 1.92 and a beta of 1.37. The company has a 50 day simple moving average of $133.35 and a 200-day simple moving average of $123.97.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced 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. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. As a group, research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.25%. Howmet Aerospace's payout ratio is 13.03%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HWM. Norges Bank acquired a new position in Howmet Aerospace in the fourth quarter valued at $1,001,558,000. JPMorgan Chase & Co. raised its position in shares of Howmet Aerospace by 21.1% in the 1st quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock worth $3,171,970,000 after acquiring an additional 4,252,401 shares in the last quarter. Nuveen LLC acquired a new position in shares of Howmet Aerospace in the 1st quarter valued at about $366,209,000. Winslow Capital Management LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $265,844,000. Finally, GAMMA Investing LLC boosted its position in shares of Howmet Aerospace by 15,741.8% during the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock valued at $1,723,040,000 after purchasing an additional 1,319,792 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Barclays lifted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. UBS Group boosted their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. The Goldman Sachs Group increased their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada lifted their price target on shares of Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $132.53.

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.