Alta Advisers Ltd Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Alta Advisers Ltd acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,004 shares of the company's stock, valued at approximately $260,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $25,000. Meeder Asset Management Inc. raised its holdings in shares of 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 purchasing an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $25,000. Washington Trust Advisors Inc. bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $29,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Howmet Aerospace by 114.6% in 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 in the last quarter. Institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HWM. UBS Group boosted their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Benchmark boosted their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, Truist Financial lifted their price target on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $142.13.

Howmet Aerospace Stock Performance

NYSE:HWM traded up $4.64 during trading hours on Friday, hitting $180.59. 1,766,373 shares of the company were exchanged, compared to its average volume of 2,805,778. The stock has a market capitalization of $72.90 billion, a price-to-earnings ratio of 58.82, a PEG ratio of 2.73 and a beta of 1.43. Howmet Aerospace Inc. has a 52-week low of $77.22 and a 52-week high of $187.51. 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 company's 50 day moving average price is $166.68 and its 200-day moving average price is $139.28.

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 the consensus estimate of $0.77 by $0.09. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate 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 was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. As a group, research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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

Insider Activity

In other news, CEO John C. Plant sold 800,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the sale, the chief executive officer directly owned 236,544 shares of the company's stock, valued at $37,127,946.24. This represents a 77.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction 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 directly owned 23,044 shares in the company, valued at $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 831,250 shares of company stock valued at $130,517,863 in the last ninety days. Insiders own 1.04% of the company's stock.

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.