3,100 Shares in Howmet Aerospace Inc. (NYSE:HWM) Purchased by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,100 shares of the company's stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HWM. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace in the 4th quarter valued at about $25,000. Meeder Asset Management Inc. grew its position in Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after acquiring an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace in the 4th quarter valued at about $25,000. Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace in the 4th quarter valued at about $29,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Howmet Aerospace in the 4th quarter valued at about $30,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HWM has been the subject of several research reports. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Morgan Stanley lifted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Benchmark lifted their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. The Goldman Sachs Group lifted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $142.13.

Insider Buying and Selling

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction that occurred 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 now owns 236,544 shares of the company's stock, valued at $37,127,946.24. The trade was a 77.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction that occurred on 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 transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock worth $130,517,863 over the last 90 days. 1.12% of the stock is owned by insiders.

Howmet Aerospace Price Performance

HWM stock opened at $172.00 on Wednesday. The business has a 50 day moving average price of $153.48 and a 200 day moving average price of $133.69. The stock has a market cap of $69.43 billion, a price-to-earnings ratio of 56.03, a PEG ratio of 2.59 and a beta of 1.44. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $177.25. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. Equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.23%. The ex-dividend date was Friday, May 9th. 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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