1,600 Shares in Howmet Aerospace Inc. (NYSE:HWM) Purchased by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC bought a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,600 shares of the company's stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Western Financial Corp CA purchased a new stake in Howmet Aerospace during the first quarter worth $1,040,000. Creative Financial Designs Inc. ADV grew its position in shares of Howmet Aerospace by 531.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 714 shares of the company's stock valued at $93,000 after purchasing an additional 601 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Howmet Aerospace by 27.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,018 shares of the company's stock worth $781,000 after purchasing an additional 1,282 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Howmet Aerospace by 45.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 288,412 shares of the company's stock worth $37,416,000 after purchasing an additional 90,393 shares during the last quarter. Finally, Terra Nova Asset Management LLC lifted its stake in Howmet Aerospace by 1.8% in the 1st quarter. Terra Nova Asset Management LLC now owns 12,979 shares of the company's stock valued at $1,684,000 after buying an additional 227 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank Of Canada raised their price target on Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Truist Financial increased their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Benchmark boosted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, UBS Group lifted their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $142.13.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the sale, the executive vice president now directly owns 131,859 shares in the company, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares of the company's stock, valued at $3,575,737.48. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.04% of the company's stock.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $176.18 on Thursday. The company has a market cap of $71.12 billion, a price-to-earnings ratio of 57.39, a price-to-earnings-growth ratio of 2.67 and a beta of 1.44. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $178.69. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07. The stock's 50-day moving average is $159.24 and its 200-day moving average is $135.85.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $1.94 billion for 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%. Howmet Aerospace's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. Equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.23%. Howmet Aerospace's payout ratio is 13.03%.

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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