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

International Assets Investment Management LLC raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1,025.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 142,127 shares of the company’s stock after purchasing an additional 129,502 shares during the quarter. International Assets Investment Management LLC’s holdings in Howmet Aerospace were worth $7,692,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HWM. Bleakley Financial Group LLC raised its holdings in Howmet Aerospace by 7.1% in the 4th quarter. Bleakley Financial Group LLC now owns 4,922 shares of the company’s stock valued at $266,000 after acquiring an additional 326 shares in the last quarter. Avitas Wealth Management LLC lifted its position in Howmet Aerospace by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 23,965 shares of the company’s stock worth $1,297,000 after purchasing an additional 667 shares during the period. Asset Management One Co. Ltd. boosted its stake in Howmet Aerospace by 1.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 155,340 shares of the company’s stock worth $8,405,000 after buying an additional 2,313 shares in the last quarter. Arizona State Retirement System increased its holdings in Howmet Aerospace by 0.5% in the 4th quarter. Arizona State Retirement System now owns 107,627 shares of the company’s stock valued at $5,825,000 after buying an additional 511 shares during the period. Finally, Veracity Capital LLC raised its stake in shares of Howmet Aerospace by 7.7% in the 4th quarter. Veracity Capital LLC now owns 5,598 shares of the company’s stock valued at $303,000 after buying an additional 401 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 1.6 %

Shares of NYSE HWM opened at $80.18 on Tuesday. Howmet Aerospace Inc. has a 1-year low of $42.17 and a 1-year high of $80.20. The company has a 50-day moving average of $66.98 and a two-hundred day moving average of $58.41. The company has a market cap of $32.73 billion, a PE ratio of 38.73, a P/E/G ratio of 1.89 and a beta of 1.41. The company has a current ratio of 1.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.86.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business posted $0.42 earnings per share. Howmet Aerospace’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, equities analysts expect that Howmet Aerospace Inc. will post 2.37 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 9.66%.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the sale, the executive vice president now directly owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. The Goldman Sachs Group raised their target price on Howmet Aerospace from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial upped their price target on Howmet Aerospace from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada lifted their price objective on Howmet Aerospace from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $73.67.

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.