8,017 Shares in Howmet Aerospace Inc. (NYSE:HWM) Purchased by Western Financial Corp CA

Western Financial Corp CA bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 1st quarter, HoldingsChannel.com reports. The firm bought 8,017 shares of the company’s stock, valued at approximately $1,040,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HWM. Norges Bank purchased a new position in shares of Howmet Aerospace in the 4th quarter worth about $1,001,558,000. JPMorgan Chase & Co. boosted its holdings in shares of Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock worth $2,209,071,000 after purchasing an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC purchased a new position in shares of Howmet Aerospace in the 4th quarter worth about $265,844,000. GAMMA Investing LLC boosted its holdings in shares of Howmet Aerospace by 15,741.8% in the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company’s stock worth $1,723,040,000 after purchasing an additional 1,319,792 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Howmet Aerospace by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock worth $1,197,315,000 after purchasing an additional 1,026,130 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of the firm’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 completion of the transaction, the vice president now owns 23,044 shares of the company’s stock, valued at $3,575,737.48. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the transaction, the chief executive officer now directly owns 236,544 shares of the company’s stock, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 831,250 shares of company stock valued at $130,517,863. Corporate insiders own 1.04% of the company’s stock.

Howmet Aerospace Trading Down 0.2%

NYSE HWM opened at $176.18 on Thursday. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $178.69. The stock has a market cap of $71.12 billion, a P/E ratio of 57.39, a price-to-earnings-growth ratio of 2.67 and a beta of 1.44. The stock has a 50 day simple moving average of $159.24 and a two-hundred day simple moving average of $135.85. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. On average, analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HWM shares. Wells Fargo & Company upped their price objective on Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Benchmark boosted their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, April 21st. UBS Group boosted their target price on Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. BTIG Research reissued a “buy” rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Finally, Royal Bank Of Canada boosted their target price on Howmet Aerospace from $165.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, June 9th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $142.13.

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.