In a recent filing with the Securities and Exchange Commission, CI Investments Inc. revealed that it has increased its position in Howmet Aerospace Inc. (NYSE:HWM) by an impressive 11,376.2% in the fourth quarter. Specifically, the fund purchased an additional 2,389 shares of the aerospace company’s stock during this period, augmenting its holdings to 2,410 shares with a value of $95,000 as of the most recent filing.
This news comes in light of Howmet Aerospace’s disclosure of their quarterly dividend that was paid on May 25th this year. Investors who were recorded as being shareholders on Friday, May 5th received a dividend payout of $0.04 per share. This translates to $0.16 annually and provides a yield of 0.37%. As for Howmet Aerospace’s dividend payout ratio (DPR), it is currently fixed at around 13.91%.
The optimism surrounding Howmet Aerospace has been noted in several analyst reports recently released by prominent financial institutions. Even as Wells Fargo & Company lowered their price objective from $50 to $48 for the aerospace giant, they retained an “overweight” rating for the company in their report published on March 22nd.
Despite some downgrades reported by Wells Fargo and others; there were eight buy ratings issued towards this company by other analysts recently cited by KeyCorp–who raised their price objective from $41 to $47 while giving them an “overweight” rating–and Argus–who boosted their target price from $43 to $49 and granted HWM a “buy” rating respectively.
Clearly CI Investments’ high level perception should be taken into consideration along with these conflicting recommendations when making strategic investment decisions concerning Howmet Aerospace Inc.’s stock performance over time – but this balancing act offers potentially intriguing options for savvy investors grappling with which direction this industry leader will head going forward.
Ultimately, although an investor must take into account many factors when making investment decisions, the robustness and perplexity of CI Investments Inc.’s stake acquisition in Howmet Aerospace makes for an interesting development in this industry going forward. In light of the new developments regarding the company’s dividend payout ratio, one can only wonder about its future growth prospects and what analyst perspective will ultimately win out.
Howmet Aerospace Attracts Institutional Investor Interest and Maintains Positive Performance in Q1-2017
Howmet Aerospace (NYSE:HWM) got off to a busy start in 2017, as evidenced by recent corporate activity and a series of transactions conducted by institutional investors. Large-scale organizations such as Mizuho Securities Co. Ltd, Allworth Financial LP and Massmutual Trust Co. FSB ADV have all recently purchased large holdings in Howmet Aerospace, while Shell Asset Management Co have increased their existing portfolio of shares within the company.
This flurry of activity is indicative of growing interest from a range of investors in Howmet Aerospace’s business model. The company’s growth potential appears to be firmly on the radar of seasoned institutional investors who specialize in identifying investment opportunities with strong ROI potential.
The interest from institutional investors coincides with reports that EVP Neil Edward Marchuk sold 57,000 shares of HWM stock recently, netting over $2 million for his efforts. This transaction has also garnered significant attention from stakeholders focused on understanding the motivations driving high-level business decisions within the company – adding an additional layer of intrigue to an already complex situation.
Despite these developments, Howmet Aerospace remains confidently optimistic about their current financial outlook in light of recent earning reports which indicate positive performance throughout Q1-2017. The company’s revenue was up 21% compared to last year’s Q1 results – beating analysts’ estimates and proving just how well this industrial manufacturing powerhouse is performing.
At present, there are many factors fueling investor interest in Howmet Aerospace with timely IPOs and a proven ability to drive shareholder value representing just some examples. As things stand today, it seems entirely possible for Howmet to maintain growth momentum throughout 2017 – making them an attractive prospect at present for traditional and alternative investors alike looking to enter industry space and capture market share via investments that hold long-term global potential.
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