Janus Henderson Group PLC Acquires 1,026,130 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Janus Henderson Group PLC raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,947,354 shares of the company's stock after purchasing an additional 1,026,130 shares during the quarter. Howmet Aerospace accounts for about 0.6% of Janus Henderson Group PLC's holdings, making the stock its 22nd biggest holding. Janus Henderson Group PLC owned approximately 2.69% of Howmet Aerospace worth $1,197,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Focus Partners Wealth increased its holdings in Howmet Aerospace by 11.2% in the 4th quarter. Focus Partners Wealth now owns 15,423 shares of the company's stock worth $1,687,000 after acquiring an additional 1,548 shares in the last quarter. Fiduciary Trust Co purchased a new position in Howmet Aerospace in the fourth quarter valued at about $601,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Howmet Aerospace by 94.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,700 shares of the company's stock worth $1,170,000 after acquiring an additional 5,211 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in Howmet Aerospace by 20.6% in the fourth quarter. EP Wealth Advisors LLC now owns 2,988 shares of the company's stock valued at $327,000 after acquiring an additional 511 shares during the period. Finally, Colonial Trust Co SC raised its stake in shares of Howmet Aerospace by 64.5% during the 4th quarter. Colonial Trust Co SC now owns 556 shares of the company's stock worth $61,000 after buying an additional 218 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Up 1.0%

Shares of NYSE:HWM traded up $1.60 during midday trading on Friday, hitting $162.89. 1,787,382 shares of the company's stock were exchanged, compared to its average volume of 2,693,788. The stock has a 50 day moving average price of $134.13 and a 200-day moving average price of $124.37. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $163.20. The company has a market cap of $65.75 billion, a PE ratio of 57.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Howmet Aerospace's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. On average, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

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

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the transaction, the executive vice president now owns 131,859 shares in the company, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the vice president now owns 23,044 shares in the company, valued at $3,575,737.48. This represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 831,250 shares of company stock worth $130,517,863 over the last 90 days. Corporate insiders own 1.12% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Truist Financial decreased their price target on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada raised their price target on Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. The Goldman Sachs Group upped their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley raised their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.