NorthRock Partners LLC Buys 2,594 Shares of Howmet Aerospace Inc. (NYSE:HWM)

NorthRock Partners LLC lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 124.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,676 shares of the company's stock after buying an additional 2,594 shares during the period. NorthRock Partners LLC's holdings in Howmet Aerospace were worth $511,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Nuveen Asset Management LLC boosted its position in Howmet Aerospace by 1.1% in the fourth quarter. Nuveen Asset Management LLC now owns 1,917,148 shares of the company's stock worth $209,678,000 after purchasing an additional 20,658 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Howmet Aerospace by 5.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,885,324 shares of the company's stock worth $315,570,000 after buying an additional 153,294 shares during the last quarter. LMR Partners LLP bought a new stake in Howmet Aerospace during the fourth quarter valued at approximately $247,000. Interval Partners LP purchased a new stake in Howmet Aerospace during the fourth quarter valued at approximately $3,922,000. Finally, Janus Henderson Group PLC raised its position in Howmet Aerospace by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after acquiring an additional 1,026,130 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on HWM. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Barclays upped their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Benchmark boosted their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, Morgan Stanley increased 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. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $132.53.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction 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. This trade represents a 77.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm'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 value of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares of the company's stock, valued at $3,575,737.48. The trade was a 5.15% 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 90 days. 1.04% of the stock is owned by insiders.

Howmet Aerospace Price Performance

Shares of HWM stock traded down $1.30 during trading hours on Tuesday, hitting $164.94. The stock had a trading volume of 1,836,054 shares, compared to its average volume of 2,695,859. The stock's 50-day moving average price is $135.65 and its two-hundred day moving average price is $125.61. Howmet Aerospace Inc. has a one year low of $76.83 and a one year high of $166.62. The stock has a market capitalization of $66.58 billion, a price-to-earnings ratio of 58.49, a PEG 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 data 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 business had revenue of $1.94 billion for 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%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. Equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.24%. Howmet Aerospace's dividend payout ratio (DPR) is currently 13.03%.

Howmet Aerospace Profile

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.