Interval Partners LP acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 35,858 shares of the company's stock, valued at approximately $3,922,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Private Trust Co. NA lifted its holdings in shares of Howmet Aerospace by 28.0% during the 4th quarter. Private Trust Co. NA now owns 407 shares of the company's stock valued at $45,000 after purchasing an additional 89 shares during the last quarter. O Neil Global Advisors Inc. raised its stake in Howmet Aerospace by 0.5% in the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock worth $2,136,000 after acquiring an additional 90 shares during the last quarter. Brooklyn Investment Group raised its stake in Howmet Aerospace by 6.1% in the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock worth $183,000 after acquiring an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in Howmet Aerospace by 0.7% in the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock worth $1,644,000 after acquiring an additional 100 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. raised its stake in Howmet Aerospace by 1.4% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock worth $838,000 after acquiring an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.
Insider Buying and Selling
In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 236,544 shares in the company, valued at approximately $37,127,946.24. The trade was 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, VP Barbara Lou Shultz sold 1,250 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president now owns 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. 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. 1.12% of the stock is owned by company insiders.
Howmet Aerospace Price Performance
NYSE HWM traded up $1.60 during trading hours on Friday, reaching $162.89. The company's stock had a trading volume of 1,787,433 shares, compared to its average volume of 2,699,756. The firm has a market capitalization of $65.75 billion, a price-to-earnings ratio of 57.76, a P/E/G ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a 1-year low of $76.83 and a 1-year high of $162.91. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The company's 50-day moving average is $134.88 and its two-hundred day moving average is $124.97.
Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Howmet Aerospace's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.
Howmet Aerospace Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.25%. Howmet Aerospace's payout ratio is 13.03%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on HWM shares. UBS Group raised 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. Benchmark boosted their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Royal Bank of Canada boosted their price objective on Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Barclays boosted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Truist Financial decreased their price objective on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $132.53.
Check Out Our Latest Analysis on Howmet Aerospace
About Howmet Aerospace
(
Free Report)
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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