International Assets Investment Management LLC Acquires 159 Shares of Howmet Aerospace Inc. (NYSE:HWM)

International Assets Investment Management LLC increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,406 shares of the company’s stock after acquiring an additional 159 shares during the period. International Assets Investment Management LLC’s holdings in Howmet Aerospace were worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Asset Management One Co. Ltd. boosted its holdings in shares of Howmet Aerospace by 6.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 202,950 shares of the company’s stock valued at $26,329,000 after acquiring an additional 11,902 shares during the last quarter. Chapin Davis Inc. grew its position in Howmet Aerospace by 1.8% in the 1st quarter. Chapin Davis Inc. now owns 53,054 shares of the company’s stock worth $6,883,000 after purchasing an additional 937 shares during the period. Oppenheimer & Co. Inc. grew its position in Howmet Aerospace by 4.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 16,343 shares of the company’s stock worth $2,120,000 after purchasing an additional 622 shares during the period. XML Financial LLC raised its stake in Howmet Aerospace by 5.5% during the 1st quarter. XML Financial LLC now owns 1,945 shares of the company’s stock valued at $252,000 after buying an additional 101 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Howmet Aerospace by 11.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,532 shares of the company’s stock valued at $4,350,000 after buying an additional 3,465 shares during the period. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HWM. Wells Fargo & Company raised 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. Royal Bank Of Canada raised their price objective on shares of Howmet Aerospace from $165.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, June 9th. BTIG Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a report on Monday, May 5th. Benchmark lifted their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Finally, Truist Financial boosted their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday, June 12th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $142.13.

Insider Activity at Howmet Aerospace

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

Howmet Aerospace Stock Up 4.6%

Shares of NYSE:HWM opened at $185.07 on Friday. The company has a market cap of $74.71 billion, a price-to-earnings ratio of 60.28, a PEG ratio of 2.67 and a beta of 1.44. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $185.52. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average price of $161.55 and a 200 day moving average price of $136.78.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were issued 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 yield of 0.22%. Howmet Aerospace’s payout ratio is 13.03%.

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.