Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by Good Life Advisors LLC

Good Life Advisors LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM) by 11.8% during the first quarter, Holdings Channel reports. The firm owned 34,390 shares of the company’s stock after purchasing an additional 3,622 shares during the period. Good Life Advisors LLC’s holdings in Howmet Aerospace were worth $4,461,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Optas LLC boosted its holdings in Howmet Aerospace by 27.9% in the first quarter. Optas LLC now owns 2,518 shares of the company’s stock valued at $327,000 after acquiring an additional 550 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Howmet Aerospace by 27.9% in the 1st quarter. Brighton Jones LLC now owns 3,259 shares of the company’s stock worth $423,000 after purchasing an additional 711 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Howmet Aerospace by 233.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company’s stock worth $18,277,000 after purchasing an additional 98,642 shares during the period. Jackson Square Capital LLC purchased a new stake in shares of Howmet Aerospace during the 1st quarter worth about $2,063,000. Finally, Azzad Asset Management Inc. ADV acquired a new stake in Howmet Aerospace during the 1st quarter worth approximately $3,754,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO John C. Plant sold 800,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 236,544 shares of the company’s stock, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the transaction, the executive vice president now owns 131,859 shares in the company, valued at $20,903,607.27. This trade represents a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 831,250 shares of company stock worth $130,517,863. Corporate insiders own 1.04% of the company’s stock.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $170.91 on Monday. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $177.25. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock has a market cap of $68.99 billion, a P/E ratio of 60.61, a price-to-earnings-growth ratio of 1.92 and a beta of 1.44. The stock has a 50 day moving average of $151.46 and a 200-day moving average of $133.06.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. On average, analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.23%. Howmet Aerospace’s payout ratio is 13.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HWM shares. UBS Group lifted their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Barclays upped their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Royal Bank of Canada raised their price objective on Howmet Aerospace from $165.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, June 9th. Wells Fargo & Company upped their target price on Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” 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 report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.13.

Howmet Aerospace 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.