Mediolanum International Funds Ltd Takes $10.57 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Mediolanum International Funds Ltd acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 155,193 shares of the company’s stock, valued at approximately $10,566,000.

Other large investors also recently bought and sold shares of the company. Whittier Trust Co. raised its holdings in shares of Howmet Aerospace by 81.4% in the 1st quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after buying an additional 228 shares during the period. Headinvest LLC purchased a new stake in Howmet Aerospace during the third quarter worth about $30,000. Lindbrook Capital LLC lifted its position in shares of Howmet Aerospace by 34.4% during the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock worth $48,000 after purchasing an additional 229 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Howmet Aerospace by 62.9% in the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock valued at $53,000 after purchasing an additional 377 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Howmet Aerospace in the first quarter valued at approximately $68,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. KeyCorp raised their price target on shares of Howmet Aerospace from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Northcoast Research reissued a “sell” rating and set a $70.00 target price on shares of Howmet Aerospace in a research note on Friday, June 14th. Argus increased their price target on Howmet Aerospace from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Robert W. Baird boosted their price objective on Howmet Aerospace from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $53.00 target price on shares of Howmet Aerospace in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.88.

Insider Activity

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the sale, the executive vice president now directly owns 217,687 shares in the company, valued at approximately $18,342,306.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Performance

HWM traded down $0.06 on Wednesday, hitting $80.18. 2,622,576 shares of the company traded hands, compared to its average volume of 3,205,205. The company has a 50 day moving average of $81.12 and a 200-day moving average of $68.59. Howmet Aerospace Inc. has a 12-month low of $42.94 and a 12-month high of $85.52. The stock has a market capitalization of $32.73 billion, a PE ratio of 38.85, a PEG ratio of 1.48 and a beta of 1.45. The company has a quick ratio of 0.92, a current ratio of 1.97 and a debt-to-equity ratio of 0.86.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.74 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Sell-side analysts anticipate that Howmet Aerospace Inc. will post 2.39 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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

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.