International Assets Investment Management LLC Purchases 129,502 Shares of Howmet Aerospace Inc. (NYSE:HWM)

International Assets Investment Management LLC raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1,025.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 142,127 shares of the company’s stock after buying an additional 129,502 shares during the quarter. International Assets Investment Management LLC’s holdings in Howmet Aerospace were worth $7,692,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in shares of Howmet Aerospace by 61.3% during the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock valued at $26,000 after purchasing an additional 212 shares during the period. Kathleen S. Wright Associates Inc. acquired a new position in shares of Howmet Aerospace during the third quarter valued at about $31,000. Headinvest LLC acquired a new position in shares of Howmet Aerospace during the third quarter valued at about $30,000. Clear Street Markets LLC raised its holdings in shares of Howmet Aerospace by 93.8% during the first quarter. Clear Street Markets LLC now owns 721 shares of the company’s stock valued at $31,000 after purchasing an additional 349 shares during the period. Finally, Financial Freedom LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at about $29,000. Institutional investors own 90.46% of the company’s stock.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the transaction, the executive vice president now directly owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HWM shares. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Truist Financial upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating and upped their price objective for the company from $47.00 to $74.00 in a report on Wednesday, January 10th. Royal Bank of Canada assumed coverage on shares of Howmet Aerospace in a report on Monday, March 18th. They issued an “outperform” rating and a $75.00 target price on the stock. Robert W. Baird upped their target price on shares of Howmet Aerospace from $65.00 to $74.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Finally, Barclays upped their target price on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.08.

Howmet Aerospace Trading Down 2.4 %

Shares of HWM stock opened at $64.00 on Monday. Howmet Aerospace Inc. has a 52-week low of $42.12 and a 52-week high of $69.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86. The company has a 50-day simple moving average of $65.21 and a two-hundred day simple moving average of $55.95. The company has a market capitalization of $26.14 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 1.67 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. Research analysts anticipate that Howmet Aerospace Inc. will post 2.18 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Friday, February 9th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, February 8th. Howmet Aerospace’s dividend payout ratio is currently 10.93%.

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.