Vontobel Holding Ltd. Purchases 26,525 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Vontobel Holding Ltd. boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 628.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,747 shares of the company’s stock after purchasing an additional 26,525 shares during the period. Vontobel Holding Ltd.’s holdings in Howmet Aerospace were worth $3,989,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HWM. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace during the 4th quarter worth $25,000. Meeder Asset Management Inc. raised its stake in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Howmet Aerospace in the fourth quarter worth about $25,000. Washington Trust Advisors Inc. acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $29,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in shares of Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock valued at $34,000 after purchasing an additional 141 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Howmet Aerospace in a research report on Monday. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a report on Wednesday, April 9th. BTIG Research reiterated a “buy” rating on shares of Howmet Aerospace in a research note on Monday, May 5th. UBS Group raised their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, Benchmark upped their target price on Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.13.

Insiders Place Their Bets

In other news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $156.96, for a total value of $125,568,000.00. Following the completion of the transaction, the chief executive officer directly owned 236,544 shares of the company’s stock, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president owned 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. In the last ninety days, insiders sold 831,250 shares of company stock worth $130,517,863. Company insiders own 1.04% of the company’s stock.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $180.59 on Friday. The stock’s 50 day moving average is $165.79 and its 200 day moving average is $138.59. Howmet Aerospace Inc. has a one year low of $77.22 and a one year high of $187.51. The firm has a market cap of $72.90 billion, a P/E ratio of 58.82, a P/E/G ratio of 2.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07.

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 net margin of 16.64% and a return on equity of 27.25%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company earned $0.53 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were given a dividend of $0.10 per share. The ex-dividend date was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.22%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 13.03%.

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.