International Assets Investment Management LLC Increases Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

International Assets Investment Management LLC lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1,025.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 142,127 shares of the company's stock after purchasing an additional 129,502 shares during the quarter. International Assets Investment Management LLC's holdings in Howmet Aerospace were worth $7,692,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Accurate Wealth Management LLC purchased a new position in shares of Howmet Aerospace in the 4th quarter worth $2,825,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Howmet Aerospace in the third quarter worth about $1,697,000. QRG Capital Management Inc. bought a new stake in Howmet Aerospace during the third quarter worth approximately $407,000. Victory Capital Management Inc. raised its position in Howmet Aerospace by 15.0% during the third quarter. Victory Capital Management Inc. now owns 347,072 shares of the company's stock valued at $16,052,000 after purchasing an additional 45,246 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Howmet Aerospace by 4.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,020,155 shares of the company's stock valued at $139,682,000 after purchasing an additional 114,939 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

HWM has been the subject of a number of analyst reports. UBS Group raised their price target on Howmet Aerospace from $57.00 to $66.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. KeyCorp upped their price target on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 14th. Robert W. Baird boosted their target price on Howmet Aerospace from $74.00 to $84.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Barclays increased their price target on Howmet Aerospace from $65.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $73.67.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total value of $3,034,800.00. Following the transaction, the executive vice president now owns 229,568 shares in the company, valued at $15,482,065.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.12% of the company's stock.

Howmet Aerospace Stock Down 0.4 %

Shares of HWM stock traded down $0.35 on Tuesday, hitting $79.83. The stock had a trading volume of 4,314,860 shares, compared to its average volume of 3,478,981. Howmet Aerospace Inc. has a one year low of $42.17 and a one year high of $80.35. The business has a 50 day moving average price of $66.98 and a 200 day moving average price of $58.41. The company has a market cap of $32.59 billion, a PE ratio of 38.57, a P/E/G ratio of 1.89 and a beta of 1.41. The company has a quick ratio of 0.92, a current ratio of 1.97 and a debt-to-equity ratio of 0.86.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm posted $0.42 EPS. The company's revenue for the quarter was up 13.8% on a year-over-year basis. Research analysts anticipate that Howmet Aerospace Inc. will post 2.37 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. Howmet Aerospace's dividend payout ratio is currently 9.66%.

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.