SMART Wealth LLC Buys Shares of 2,008 Howmet Aerospace Inc. (NYSE:HWM)

SMART Wealth LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,008 shares of the company's stock, valued at approximately $260,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace during the 4th quarter worth $25,000. Meeder Asset Management Inc. boosted its holdings in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after buying an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace during the fourth quarter worth about $25,000. Washington Trust Advisors Inc. purchased a new position in Howmet Aerospace in the fourth quarter valued at about $29,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Howmet Aerospace in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Trading Up 2.6%

Shares of HWM traded up $4.64 during trading hours on Friday, hitting $180.59. The stock had a trading volume of 1,766,373 shares, compared to its average volume of 2,802,076. Howmet Aerospace Inc. has a 12-month low of $77.22 and a 12-month high of $187.51. The firm has a market cap of $72.90 billion, a P/E ratio of 58.82, a P/E/G ratio of 2.73 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30. The company's fifty day simple moving average is $165.79 and its 200 day simple moving average is $138.59.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $0.53 EPS. The company's quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.22%. Howmet Aerospace's dividend payout ratio is currently 13.03%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Truist Financial boosted their price target on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Wells Fargo & Company raised their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Benchmark upped their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a report on Monday. Finally, BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Four research 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $142.13.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the sale, the executive vice president owned 131,859 shares in the company, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the transaction, the vice president directly owned 23,044 shares in the company, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock valued at $130,517,863 over the last 90 days. Corporate 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.