Commonwealth Equity Services LLC Purchases 3,871 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Commonwealth Equity Services LLC lifted its position in Howmet Aerospace Inc. (NYSE:HWM – Get Rating) by 10.9% during the 4th quarter, HoldingsChannel reports. The firm owned 39,267 shares of the company’s stock after acquiring an additional 3,871 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Howmet Aerospace were worth $1,547,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HWM. Bessemer Group Inc. increased its holdings in shares of Howmet Aerospace by 46,868.0% in the third quarter. Bessemer Group Inc. now owns 5,192,316 shares of the company’s stock worth $160,596,000 after purchasing an additional 5,181,261 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Howmet Aerospace by 383.3% in the first quarter. Royal Bank of Canada now owns 1,362,379 shares of the company’s stock worth $48,964,000 after purchasing an additional 1,080,491 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Howmet Aerospace by 3,224.4% during the third quarter. Neuberger Berman Group LLC now owns 925,613 shares of the company’s stock worth $28,630,000 after acquiring an additional 897,770 shares during the last quarter. Renaissance Technologies LLC increased its stake in Howmet Aerospace by 1,306.4% during the third quarter. Renaissance Technologies LLC now owns 859,300 shares of the company’s stock worth $26,578,000 after acquiring an additional 798,200 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Howmet Aerospace by 141.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,299,654 shares of the company’s stock worth $46,709,000 after acquiring an additional 762,191 shares during the last quarter. 91.49% of the stock is owned by institutional investors.

Howmet Aerospace Stock Up 1.1 %

Shares of NYSE HWM opened at $45.18 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.99 and a current ratio of 2.18. The firm has a market capitalization of $18.67 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 1.57 and a beta of 1.43. The stock has a 50 day moving average price of $42.54 and a 200 day moving average price of $40.55. Howmet Aerospace Inc. has a 52-week low of $29.84 and a 52-week high of $45.70.

Howmet Aerospace (NYSE:HWM – Get Rating) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.49 billion. Howmet Aerospace had a return on equity of 18.39% and a net margin of 8.18%. Howmet Aerospace’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. Sell-side analysts expect that Howmet Aerospace Inc. will post 1.69 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Friday, May 5th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Thursday, May 4th. Howmet Aerospace’s dividend payout ratio (DPR) is 13.91%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays boosted their price objective on Howmet Aerospace from $44.00 to $52.00 in a research note on Tuesday, May 9th. Morgan Stanley boosted their price objective on Howmet Aerospace from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 15th. Argus boosted their target price on Howmet Aerospace from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, February 21st. Jefferies Financial Group started coverage on Howmet Aerospace in a research report on Wednesday, March 22nd. They set a “buy” rating and a $50.00 target price for the company. Finally, Benchmark upgraded Howmet Aerospace from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Friday, March 31st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.91.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 4,627 shares of the company’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $42.16, for a total value of $195,074.32. Following the sale, the vice president now directly owns 20,542 shares of the company’s stock, valued at $866,050.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Neil Edward Marchuk sold 57,000 shares of Howmet Aerospace stock in a transaction on Monday, March 6th. The shares were sold at an average price of $43.61, for a total transaction of $2,485,770.00. Following the completion of the sale, the executive vice president now directly owns 286,751 shares of the company’s stock, valued at approximately $12,505,211.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Barbara Lou Shultz sold 4,627 shares of Howmet Aerospace stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $42.16, for a total transaction of $195,074.32. Following the sale, the vice president now directly owns 20,542 shares of the company’s stock, valued at $866,050.72. The disclosure for this sale can be found here. Insiders own 1.23% of the company’s stock.

Howmet Aerospace Profile

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Howmet Aerospace, Inc engages in provision of engineered solutions for the aerospace and transportation industries. It operates through the following segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines (aerospace commercial and defense) and industrial gas turbines.