28,934 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,934 shares of the company's stock, valued at approximately $3,754,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Park Avenue Securities LLC boosted its stake in Howmet Aerospace by 126.1% in the first quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock valued at $3,140,000 after acquiring an additional 13,500 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Howmet Aerospace by 156.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company's stock valued at $1,014,000 after buying an additional 5,664 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $223,000. Vontobel Holding Ltd. grew its holdings in Howmet Aerospace by 8.9% in the fourth quarter. Vontobel Holding Ltd. now owns 4,222 shares of the company's stock worth $462,000 after purchasing an additional 346 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Howmet Aerospace by 236.6% during the fourth quarter. Wellington Management Group LLP now owns 9,816 shares of the company's stock valued at $1,074,000 after purchasing an additional 6,900 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Insider Activity at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of the company'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 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 represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the sale, the executive vice president now directly owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock worth $130,517,863 in the last 90 days. 1.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on HWM. Truist Financial lifted their target price on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday. Morgan Stanley increased their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Barclays raised their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Benchmark upped their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.13.

Howmet Aerospace Trading Down 0.4%

NYSE:HWM traded down $0.61 during mid-day trading on Friday, reaching $170.91. The company's stock had a trading volume of 2,418,162 shares, compared to its average volume of 2,726,426. The company's fifty day simple moving average is $151.46 and its two-hundred day simple moving average is $132.94. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $177.25. The stock has a market cap of $68.99 billion, a P/E ratio of 60.61, a P/E/G ratio of 1.92 and a beta of 1.44.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its 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. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business 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 revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

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

Howmet Aerospace Company 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.