USS Investment Management Ltd Purchases 79,457 Shares of Howmet Aerospace Inc. (NYSE:HWM)

USS Investment Management Ltd lifted its position in Howmet Aerospace Inc. (NYSE:HWM) by 448.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 97,157 shares of the company’s stock after buying an additional 79,457 shares during the period. USS Investment Management Ltd’s holdings in Howmet Aerospace were worth $10,628,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $25,000. Meeder Asset Management Inc. lifted its position in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Howmet Aerospace during the fourth quarter valued at approximately $25,000. R Squared Ltd bought a new position in Howmet Aerospace during the fourth quarter valued at approximately $26,000. Finally, Washington Trust Advisors Inc. bought a new position in Howmet Aerospace during the fourth quarter valued at approximately $29,000. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the transaction, the vice president now owns 23,044 shares in the company, valued at $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John C. Plant sold 800,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the transaction, the chief executive officer now owns 236,544 shares of the company’s stock, valued at $37,127,946.24. This trade represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 831,250 shares of company stock worth $130,517,863. 1.04% of the stock is owned by insiders.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $164.94 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The firm has a fifty day moving average price of $136.50 and a 200 day moving average price of $125.88. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $166.50. The firm has a market cap of $66.58 billion, a price-to-earnings ratio of 58.49, a P/E/G ratio of 1.92 and a beta of 1.37.

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

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.24%. Howmet Aerospace’s dividend payout ratio is 13.03%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HWM shares. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. BTIG Research restated a “buy” rating on shares of Howmet Aerospace in a research report on Monday, May 5th. UBS Group increased their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Benchmark increased their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Finally, The Goldman Sachs Group increased their price objective 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. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $132.53.

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.