WealthBridge Capital Management LLC bought a new position 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. The fund bought 2,702 shares of the company's stock, valued at approximately $351,000.
Other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Howmet Aerospace by 233.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock worth $18,277,000 after acquiring an additional 98,642 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Howmet Aerospace by 126.1% in the 1st quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock worth $3,140,000 after acquiring an additional 13,500 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Howmet Aerospace by 156.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company's stock worth $1,014,000 after acquiring an additional 5,664 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter worth $223,000. Finally, Wellington Management Group LLP grew its holdings in shares of Howmet Aerospace by 236.6% in the 4th quarter. Wellington Management Group LLP now owns 9,816 shares of the company's stock worth $1,074,000 after acquiring an additional 6,900 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the business's 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $156.96, for a total value of $125,568,000.00. Following the completion of the sale, the chief executive officer now directly owns 236,544 shares of the company's stock, valued at $37,127,946.24. This represents a 77.18% decrease in their position. 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 quarter. Insiders own 1.04% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Benchmark lifted their target price on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Royal Bank Of Canada lifted their price target on Howmet Aerospace from $165.00 to $200.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Truist Financial lifted their price target on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, Wells Fargo & Company lifted their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $142.13.
Read Our Latest Stock Report on Howmet Aerospace
Howmet Aerospace Price Performance
HWM opened at $185.07 on Friday. The stock has a market cap of $74.71 billion, a price-to-earnings ratio of 60.28, a PEG ratio of 2.67 and a beta of 1.44. Howmet Aerospace Inc. has a 1 year low of $76.83 and a 1 year high of $185.52. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average price of $161.55 and a 200 day moving average price of $136.78.
Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. Analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.
Howmet Aerospace Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were given a $0.10 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.22%. Howmet Aerospace's dividend payout ratio is currently 13.03%.
About Howmet Aerospace
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM - Free Report).
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