iSAM Funds UK Ltd Acquires Shares of 2,964 Howmet Aerospace Inc. (NYSE:HWM)

iSAM Funds UK Ltd acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,964 shares of the company’s stock, valued at approximately $324,000.

Several other institutional investors have also modified their holdings of HWM. Norges Bank purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $1,001,558,000. JPMorgan Chase & Co. boosted its stake in shares of Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $265,844,000. Janus Henderson Group PLC boosted its stake in shares of Howmet Aerospace by 10.3% during the 4th 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 in the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in shares of Howmet Aerospace by 1,000.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock worth $101,772,000 after acquiring an additional 845,941 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Transactions at Howmet Aerospace

In other news, CEO John C. Plant sold 800,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the sale, the chief executive officer now directly owns 236,544 shares in the company, valued at $37,127,946.24. This represents a 77.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the sale, the executive vice president now owns 131,859 shares of the company’s stock, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock worth $130,517,863 in the last ninety days. Insiders own 1.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley lifted their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Benchmark lifted their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. UBS Group lifted their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Finally, Northcoast Research upgraded Howmet Aerospace from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.53.

Howmet Aerospace Trading Down 0.8%

Shares of HWM opened at $164.94 on Wednesday. The stock has a fifty day moving average of $136.50 and a two-hundred day moving average of $125.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company has a market capitalization of $66.58 billion, a PE ratio of 58.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $166.50.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Howmet Aerospace’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. As a group, analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.24%. Howmet Aerospace’s payout ratio is 13.03%.

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.