Mufg Securities Americas Inc. Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Mufg Securities Americas Inc. acquired a new position 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 fund acquired 5,998 shares of the company's stock, valued at approximately $656,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Howmet Aerospace during the 4th quarter valued at $25,000. Meeder Asset Management Inc. raised its stake in Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after buying an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Howmet Aerospace in the fourth quarter valued at about $25,000. R Squared Ltd acquired a new stake in Howmet Aerospace in the fourth quarter worth about $26,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Howmet Aerospace during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Activity

In related news, CEO John C. Plant sold 800,000 shares of the company'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 value of $125,568,000.00. Following the transaction, the chief executive officer now directly owns 236,544 shares in the company, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the transaction, the executive vice president now owns 131,859 shares of the company's stock, valued at $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock worth $130,517,863 over the last ninety days. Corporate insiders own 1.12% of the company's stock.

Analysts Set New Price Targets

HWM has been the topic of a number of recent analyst reports. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Royal Bank of Canada raised their price target on shares of Howmet Aerospace from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Wells Fargo & Company upped their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Truist Financial reduced their target price on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Morgan Stanley upped their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $132.53.

Howmet Aerospace Trading Up 0.6%

Shares of NYSE:HWM opened at $159.30 on Thursday. The business's 50 day moving average price is $133.35 and its 200-day moving average price is $123.97. Howmet Aerospace Inc. has a 1 year low of $76.83 and a 1 year high of $161.58. The firm has a market capitalization of $64.31 billion, a price-to-earnings ratio of 56.49, 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 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 firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $0.53 EPS. Howmet Aerospace's quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently announced 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is 13.03%.

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.

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