Junto Capital Management LP Invests $15.12 Million in Howmet Aerospace Inc. (NYSE:HWM)

Junto Capital Management LP acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 279,394 shares of the company’s stock, valued at approximately $15,121,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HWM. Headinvest LLC purchased a new stake in Howmet Aerospace in the third quarter valued at $30,000. Lindbrook Capital LLC increased its stake in 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 purchasing an additional 229 shares during the period. Quadrant Capital Group LLC increased its stake in 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. Blue Trust Inc. increased its stake in 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 purchasing an additional 271 shares during the period. Finally, Huntington National Bank increased its stake in Howmet Aerospace by 24.5% in the third quarter. Huntington National Bank now owns 1,315 shares of the company’s stock valued at $61,000 after purchasing an additional 259 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 32,614 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 217,687 shares in the company, valued at $18,342,306.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Argus lifted their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, May 6th. The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Royal Bank of Canada boosted their price target on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $72.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Finally, Benchmark reiterated a “buy” rating and set a $53.00 price target on shares of Howmet Aerospace in a research note on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.00.

Howmet Aerospace Price Performance

Shares of HWM traded down $0.13 during mid-day trading on Monday, hitting $83.65. The company’s stock had a trading volume of 2,029,087 shares, compared to its average volume of 3,238,430. The firm has a 50-day moving average price of $74.95 and a 200 day moving average price of $64.62. The stock has a market capitalization of $34.14 billion, a price-to-earnings ratio of 40.41, a PEG ratio of 1.54 and a beta of 1.50. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92. Howmet Aerospace Inc. has a fifty-two week low of $42.94 and a fifty-two week high of $85.52.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. On average, research analysts predict that Howmet Aerospace Inc. will post 2.39 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Thursday, May 9th. Howmet Aerospace’s dividend payout ratio is currently 9.66%.

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.