Insider Selling: Howmet Aerospace Inc. (NYSE:HWM) VP Sells 1,250 Shares of Stock

Howmet Aerospace Inc. (NYSE:HWM) 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 value of $193,962.50. Following the transaction, the vice president now directly 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 SEC, which is available through this hyperlink.

Howmet Aerospace Stock Up 0.3 %

Shares of HWM opened at $157.62 on Friday. The company’s 50-day moving average price is $130.85 and its 200 day moving average price is $122.42. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 12-month low of $76.83 and a 12-month high of $159.04. The firm has a market cap of $63.63 billion, a P/E ratio of 55.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

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

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.25%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.03%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group lifted their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. The Goldman Sachs Group lifted their price target 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. Morgan Stanley lifted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their target price on Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Finally, BTIG Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.53.

Institutional Trading of Howmet Aerospace

Several institutional investors and hedge funds have recently modified their holdings of HWM. CVA Family Office LLC raised its position in shares of Howmet Aerospace by 15.7% in the 1st quarter. CVA Family Office LLC now owns 605 shares of the company’s stock worth $78,000 after buying an additional 82 shares during the period. Mount Lucas Management LP boosted its position in Howmet Aerospace by 3.2% during the 1st quarter. Mount Lucas Management LP now owns 2,661 shares of the company’s stock valued at $345,000 after purchasing an additional 82 shares during the period. Private Trust Co. NA raised its holdings in shares of Howmet Aerospace by 28.0% during the fourth quarter. Private Trust Co. NA now owns 407 shares of the company’s stock valued at $45,000 after buying an additional 89 shares during the last quarter. O Neil Global Advisors Inc. lifted its holdings in Howmet Aerospace by 0.5% in the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock worth $2,136,000 after purchasing an additional 90 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Howmet Aerospace by 4.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company’s stock worth $256,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.