Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1,025.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 142,127 shares of the company’s stock after buying 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 reporting period.

Other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake in shares of Howmet Aerospace by 61.3% during the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock valued at $26,000 after acquiring an additional 212 shares during the last quarter. Headinvest LLC acquired a new stake in shares of Howmet Aerospace during the 3rd quarter worth about $30,000. Blue Trust Inc. raised its position in shares of Howmet Aerospace by 33.1% in the fourth quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock valued at $59,000 after buying an additional 271 shares during the last quarter. Huntington National Bank lifted its stake in shares of Howmet Aerospace by 24.5% during the third quarter. Huntington National Bank now owns 1,315 shares of the company’s stock valued at $61,000 after buying an additional 259 shares during the period. Finally, NBC Securities Inc. acquired a new stake in Howmet Aerospace during the third quarter worth approximately $66,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $80.18 on Tuesday. The company’s fifty day simple moving average is $66.98 and its 200-day simple moving average is $58.41. The company has a current ratio of 1.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.86. Howmet Aerospace Inc. has a 52 week low of $42.17 and a 52 week high of $80.20. The company has a market cap of $32.73 billion, a PE ratio of 38.73, a P/E/G ratio of 1.89 and a beta of 1.41.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company posted $0.42 earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 2.37 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 10th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 9.66%.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the sale, 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 at the SEC website. 1.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HWM. Royal Bank of Canada boosted their price target on Howmet Aerospace from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Friday. UBS Group upped their target price on Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Barclays raised their price target on Howmet Aerospace from $65.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday. Benchmark reaffirmed a “buy” rating and set a $53.00 price objective on shares of Howmet Aerospace in a research note on Friday, April 19th. Finally, Truist Financial raised their target price on shares of Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $73.67.

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.