Cetera Investment Advisers Buys 8,573 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Cetera Investment Advisers lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,771 shares of the company's stock after purchasing an additional 8,573 shares during the period. Cetera Investment Advisers' holdings in Howmet Aerospace were worth $7,959,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Howmet Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock worth $5,153,220,000 after acquiring an additional 352,256 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after buying an additional 2,486,649 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Howmet Aerospace by 0.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock valued at $1,445,210,000 after buying an additional 80,972 shares in the last quarter. Geode Capital Management LLC grew its holdings in Howmet Aerospace by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock valued at $1,070,267,000 after buying an additional 308,574 shares in the last quarter. Finally, Norges Bank acquired a new position in Howmet Aerospace in the 4th quarter valued at $1,001,558,000. Institutional investors own 90.46% of the company's stock.

Insider Buying and Selling

In related news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president now directly owns 23,044 shares of the company's stock, valued at $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the completion of the transaction, the chief executive officer now directly owns 236,544 shares in the company, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is owned by insiders.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $156.76 on Tuesday. The business's 50-day moving average price is $131.98 and its 200-day moving average price is $123.48. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $161.58. The firm has a market capitalization of $63.28 billion, a price-to-earnings ratio of 55.59, a PEG ratio of 1.92 and a beta of 1.37. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm posted $0.53 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio is currently 13.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HWM shares. UBS Group upped their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Truist Financial decreased their price objective on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. The Goldman Sachs Group increased their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $132.53.

Howmet Aerospace 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.

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