SOA Wealth Advisors LLC. Invests $1.31 Million in Howmet Aerospace Inc. (NYSE:HWM)

SOA Wealth Advisors LLC. purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,071 shares of the company’s stock, valued at approximately $1,307,000.

Several other institutional investors also recently modified their holdings of HWM. Norges Bank acquired a new position in shares of Howmet Aerospace during the fourth quarter worth $1,001,558,000. JPMorgan Chase & Co. increased its holdings in shares of Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock worth $2,209,071,000 after buying an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter worth $265,844,000. GAMMA Investing LLC increased its holdings in shares of Howmet Aerospace by 15,741.8% during the first quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company’s stock worth $1,723,040,000 after buying an additional 1,319,792 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Howmet Aerospace by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock worth $1,197,315,000 after buying an additional 1,026,130 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm’s stock in a transaction dated 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 directly owns 23,044 shares in the company, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 831,250 shares of company stock valued at $130,517,863 in the last 90 days. 1.04% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Barclays boosted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Benchmark boosted their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Finally, BTIG Research reissued a “buy” rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $132.53.

Howmet Aerospace Price Performance

HWM stock opened at $175.37 on Friday. The stock has a market capitalization of $70.79 billion, a PE ratio of 62.19, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The company’s 50-day moving average is $146.40 and its 200-day moving average is $131.07. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 1 year low of $76.83 and a 1 year high of $177.25.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data 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. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. Equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.23%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.03%.

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.