Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by Banco Santander S.A.

Banco Santander S.A. lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 24.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,325 shares of the company’s stock after buying an additional 1,048 shares during the quarter. Banco Santander S.A.’s holdings in Howmet Aerospace were worth $691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PFG Advisors raised its stake in shares of Howmet Aerospace by 37.9% during the 1st quarter. PFG Advisors now owns 9,593 shares of the company’s stock worth $1,245,000 after buying an additional 2,635 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Howmet Aerospace by 233.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company’s stock worth $18,277,000 after purchasing an additional 98,642 shares in the last quarter. Park Avenue Securities LLC increased its position in Howmet Aerospace by 126.1% during the 1st quarter. Park Avenue Securities LLC now owns 24,207 shares of the company’s stock worth $3,140,000 after purchasing an additional 13,500 shares in the last quarter. Private Trust Co. NA increased its position in Howmet Aerospace by 65.4% during the 1st quarter. Private Trust Co. NA now owns 673 shares of the company’s stock worth $87,000 after purchasing an additional 266 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Howmet Aerospace by 11.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,532 shares of the company’s stock worth $4,350,000 after purchasing an additional 3,465 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 236,544 shares of the company’s stock, valued at $37,127,946.24. This represents a 77.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 131,859 shares in the company, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

HWM has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Wells Fargo & Company lifted their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Wall Street Zen upgraded Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Saturday. Vertical Research restated a “buy” rating on shares of Howmet Aerospace in a report on Thursday. Finally, Benchmark lifted their price target on Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a report on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.80.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $180.95 on Tuesday. The stock’s 50 day moving average price is $178.67 and its 200 day moving average price is $149.90. The firm has a market capitalization of $72.95 billion, a PE ratio of 52.91, a price-to-earnings-growth ratio of 2.58 and a beta of 1.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. Howmet Aerospace Inc. has a one year low of $85.39 and a one year high of $193.26.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. Howmet Aerospace’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. As a group, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a dividend of $0.12 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.48 annualized dividend and a yield of 0.3%. Howmet Aerospace’s dividend payout ratio is presently 11.70%.

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.