Howmet Aerospace Inc. (NYSE:HWM) VP Barbara Lou Shultz Sells 1,250 Shares

Howmet Aerospace Inc. (NYSE:HWM) VP Barbara Lou Shultz sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the sale, the vice president now directly owns 23,044 shares in the company, valued at $3,575,737.48. The trade was a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Howmet Aerospace Stock Performance

Shares of HWM opened at $157.40 on Friday. The stock has a 50-day moving average of $131.46 and a 200-day moving average of $122.94. Howmet Aerospace Inc. has a one year low of $76.83 and a one year high of $159.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The company has a market cap of $63.54 billion, a PE ratio of 55.82, a P/E/G ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business posted $0.53 EPS. Howmet Aerospace’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.25%. Howmet Aerospace’s payout ratio is 13.03%.

Hedge Funds Weigh In On Howmet Aerospace

A number of hedge funds have recently added to or reduced their stakes in the stock. CenterBook Partners LP bought a new position in shares of Howmet Aerospace in the first quarter valued at approximately $683,000. Deutsche Bank AG raised its position in Howmet Aerospace by 1.1% in the 1st quarter. Deutsche Bank AG now owns 1,537,783 shares of the company’s stock valued at $199,497,000 after buying an additional 17,140 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Howmet Aerospace by 27.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 3,908 shares of the company’s stock valued at $507,000 after acquiring an additional 851 shares in the last quarter. Monetta Financial Services Inc. purchased a new position in Howmet Aerospace during the 1st quarter worth $843,000. Finally, Evolution Wealth Advisors LLC purchased a new position in Howmet Aerospace during the 1st quarter worth $1,135,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Royal Bank of Canada upped their price target on Howmet Aerospace from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Wells Fargo & Company raised their price objective 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. Northcoast Research upgraded Howmet Aerospace from a “sell” rating to a “neutral” rating in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group increased their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $132.53.

About Howmet Aerospace

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.