Choreo LLC Purchases Shares of 28,301 Howmet Aerospace Inc. (NYSE:HWM)

Choreo LLC bought a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 28,301 shares of the company's stock, valued at approximately $1,532,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC grew its position in shares of Howmet Aerospace by 4.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company's stock valued at $247,000 after purchasing an additional 200 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Howmet Aerospace by 10.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company's stock worth $122,000 after purchasing an additional 205 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Howmet Aerospace by 61.3% during the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company's stock worth $26,000 after purchasing an additional 212 shares during the last quarter. Lindbrook Capital LLC lifted its stake in Howmet Aerospace by 34.4% during the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company's stock worth $48,000 after purchasing an additional 229 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Howmet Aerospace by 0.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,869 shares of the company's stock worth $2,645,000 after purchasing an additional 247 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the sale, the executive vice president now directly owns 229,568 shares of the company's stock, valued at approximately $15,482,065.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.12% of the stock is currently owned by corporate insiders.

Howmet Aerospace Trading Down 0.0 %

NYSE HWM traded down $0.02 on Wednesday, reaching $66.73. The company had a trading volume of 4,581,714 shares, compared to its average volume of 3,375,656. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87. The business has a 50 day moving average of $66.13 and a two-hundred day moving average of $57.53. Howmet Aerospace Inc. has a fifty-two week low of $42.17 and a fifty-two week high of $69.55. The firm has a market cap of $27.25 billion, a price-to-earnings ratio of 36.48, a P/E/G ratio of 1.75 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the business posted $0.38 EPS. The business's revenue was up 14.4% compared to the same quarter last year. Analysts forecast that Howmet Aerospace Inc. will post 2.18 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 10th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Thursday, May 9th. Howmet Aerospace's payout ratio is 10.93%.

Wall Street Analyst Weigh In

HWM has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on Howmet Aerospace from $65.00 to $77.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Sanford C. Bernstein initiated coverage on Howmet Aerospace in a research note on Friday, January 5th. They issued an "outperform" rating and a $67.00 price target for the company. UBS Group increased their price target on Howmet Aerospace from $57.00 to $66.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, February 14th. Finally, Barclays increased their price target on Howmet Aerospace from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and twelve 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 $66.00.

Howmet Aerospace Company 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.