GAMMA Investing LLC Makes New Investment in Howmet Aerospace Inc. (NYSE:HWM)

GAMMA Investing LLC purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,252 shares of the company’s stock, valued at approximately $183,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWM. Venturi Wealth Management LLC lifted its stake in Howmet Aerospace by 61.3% during the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after purchasing an additional 212 shares during the period. Headinvest LLC bought a new position in shares of Howmet Aerospace in the third quarter valued at approximately $30,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Howmet Aerospace in the third quarter valued at approximately $31,000. Lindbrook Capital LLC raised its stake in shares of Howmet Aerospace by 34.4% in the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after acquiring an additional 229 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Howmet Aerospace by 33.1% in the fourth quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock valued at $59,000 after acquiring an additional 271 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HWM shares. KeyCorp lifted their target price on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Sanford C. Bernstein assumed coverage on shares of Howmet Aerospace in a report on Friday, January 5th. They issued an “outperform” rating and a $67.00 price target for the company. UBS Group raised their price target on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Barclays raised their price target on shares of Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Finally, Benchmark reissued a “buy” rating and issued a $53.00 price target on shares of Howmet Aerospace in a report on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction on Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the transaction, the executive vice president now directly owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.12% of the company’s stock.

Howmet Aerospace Price Performance

HWM opened at $66.40 on Friday. The company has a fifty day moving average price of $65.97 and a two-hundred day moving average price of $57.07. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86. Howmet Aerospace Inc. has a 52 week low of $42.17 and a 52 week high of $69.55. The firm has a market capitalization of $27.12 billion, a PE ratio of 36.28, a P/E/G ratio of 1.68 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, analysts anticipate that Howmet Aerospace Inc. will post 2.18 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.30%. Howmet Aerospace’s dividend payout ratio is 10.93%.

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.