Neil Edward Marchuk Sells 30,000 Shares of Howmet Aerospace Inc. (NYSE:HWM) Stock

Howmet Aerospace Inc. (NYSE:HWM) EVP Neil Edward Marchuk sold 30,000 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the sale, the executive vice president now directly owns 131,859 shares of the company’s stock, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Howmet Aerospace Stock Up 0.6%

Shares of NYSE:HWM opened at $159.30 on Thursday. The stock’s 50-day moving average price is $133.35 and its two-hundred day moving average price is $123.97. 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 $161.58. The firm has a market cap of $64.31 billion, a price-to-earnings ratio of 56.49, a PEG ratio of 1.92 and a beta of 1.37.

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

Howmet Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of recent analyst reports. Morgan Stanley raised their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Wells Fargo & Company raised their target price on Howmet Aerospace from $118.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. BTIG Research restated a “buy” rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Finally, The Goldman Sachs Group raised their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.53.

Institutional Trading of Howmet Aerospace

A number of hedge funds have recently added to or reduced their stakes in HWM. Norges Bank acquired a new stake in Howmet Aerospace in the 4th quarter worth about $1,001,558,000. JPMorgan Chase & Co. lifted its stake in shares of Howmet Aerospace by 21.1% in the 1st quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company’s stock valued at $3,171,970,000 after purchasing an additional 4,252,401 shares in the last quarter. Nuveen LLC acquired a new position in shares of Howmet Aerospace in the 1st quarter valued at about $366,209,000. Winslow Capital Management LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $265,844,000. Finally, GAMMA Investing LLC lifted its stake 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 valued at $1,723,040,000 after purchasing an additional 1,319,792 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Company 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.