Captrust Financial Advisors Increases Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Captrust Financial Advisors increased its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,956 shares of the company's stock after acquiring an additional 3,154 shares during the period. Captrust Financial Advisors' holdings in Howmet Aerospace were worth $2,948,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HWM. Castlekeep Investment Advisors LLC purchased a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $2,560,000. BW Gestao de Investimentos Ltda. purchased a new position in Howmet Aerospace during the fourth quarter worth $4,139,000. Baird Financial Group Inc. increased its position in Howmet Aerospace by 105.5% during the fourth quarter. Baird Financial Group Inc. now owns 33,886 shares of the company's stock valued at $3,706,000 after acquiring an additional 17,397 shares during the last quarter. Banque Transatlantique SA purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at $4,249,000. Finally, Bearing Point Capital LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter worth about $7,614,000. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial cut their price target on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Barclays increased their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Benchmark upped their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. UBS Group lifted their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $132.53.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM opened at $157.40 on Friday. The firm has a 50 day moving average of $131.46 and a 200 day moving average of $122.94. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $63.54 billion, a price-to-earnings ratio of 55.82, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $159.04.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the business posted $0.53 EPS. The firm's quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.25%. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares in the company, valued at approximately $3,575,737.48. This trade represents a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.04% of the stock is currently owned by corporate insiders.

About Howmet Aerospace

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.