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

International Assets Investment Management LLC raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 1,025.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 142,127 shares of the company’s stock after buying an additional 129,502 shares during the period. 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 hedge funds have also recently bought and sold shares of HWM. US Bancorp DE boosted its position in Howmet Aerospace by 9.7% in the 1st quarter. US Bancorp DE now owns 20,717 shares of the company’s stock valued at $745,000 after buying an additional 1,834 shares during the last quarter. HighTower Advisors LLC boosted its position in Howmet Aerospace by 299.5% in the 1st quarter. HighTower Advisors LLC now owns 31,892 shares of the company’s stock valued at $1,147,000 after buying an additional 23,910 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Howmet Aerospace by 2.2% in the 1st quarter. Panagora Asset Management Inc. now owns 31,230 shares of the company’s stock valued at $1,122,000 after buying an additional 663 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Howmet Aerospace by 5.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,781 shares of the company’s stock valued at $1,825,000 after buying an additional 2,520 shares during the last quarter. Finally, APG Asset Management N.V. lifted its stake in shares of Howmet Aerospace by 4.0% in the 1st quarter. APG Asset Management N.V. now owns 20,900 shares of the company’s stock valued at $675,000 after purchasing an additional 800 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total value of $3,034,800.00. Following the completion of the transaction, the executive vice president now owns 229,568 shares in the company, valued at approximately $15,482,065.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.23% of the stock is owned by corporate insiders.

Howmet Aerospace Stock Performance

HWM opened at $64.00 on Monday. The business’s 50-day moving average price is $65.21 and its two-hundred day moving average price is $55.95. Howmet Aerospace Inc. has a 1 year low of $42.12 and a 1 year high of $69.55. The company has a market capitalization of $26.14 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 1.67 and a beta of 1.43. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities analysts expect that Howmet Aerospace Inc. will post 2.18 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HWM shares. Barclays increased their price target on Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Royal Bank of Canada started coverage on Howmet Aerospace in a research note on Monday, March 18th. They issued an “outperform” rating and a $75.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. UBS Group increased their price target on Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, Robert W. Baird increased their price target on Howmet Aerospace from $65.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.08.

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.