Dakota Wealth Management Takes $13.71 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Dakota Wealth Management purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 105,647 shares of the company's stock, valued at approximately $13,706,000.

Other institutional investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in Howmet Aerospace during the 4th quarter valued at $25,000. Meeder Asset Management Inc. raised its stake in Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Howmet Aerospace during the 4th quarter valued at $25,000. Kapitalo Investimentos Ltda acquired a new stake in Howmet Aerospace during the 4th quarter valued at $30,000. Finally, GPS Wealth Strategies Group LLC raised its stake in Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after purchasing an additional 141 shares during the period. Institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HWM shares. Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Morgan Stanley boosted their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday. Susquehanna boosted their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a report on Monday. Finally, Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.44.

Howmet Aerospace Stock Performance

Howmet Aerospace stock traded up $3.67 on Thursday, reaching $187.97. 1,242,859 shares of the stock were exchanged, compared to its average volume of 2,794,125. The stock has a market cap of $75.88 billion, a PE ratio of 61.20, a PEG ratio of 2.71 and a beta of 1.43. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. Howmet Aerospace Inc. has a twelve month low of $77.22 and a twelve month high of $188.03. The firm has a fifty day moving average price of $172.10 and a two-hundred day moving average price of $142.97.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results 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. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The business's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. Sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the completion of the transaction, the executive vice president owned 131,859 shares of the company's stock, valued at $20,903,607.27. The trade was a 18.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the transaction, the chief executive officer directly owned 236,544 shares of the company's stock, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 in the last quarter. Insiders own 1.04% of the company's stock.

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.