Barrett & Company Inc. Has $1.28 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Barrett & Company Inc. reduced its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 17.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,856 shares of the company's stock after selling 2,050 shares during the quarter. Barrett & Company Inc.'s holdings in Howmet Aerospace were worth $1,279,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC boosted its position in Howmet Aerospace by 15.7% during the first quarter. CVA Family Office LLC now owns 605 shares of the company's stock valued at $78,000 after purchasing an additional 82 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Howmet Aerospace by 28.0% during the 4th quarter. Private Trust Co. NA now owns 407 shares of the company's stock worth $45,000 after purchasing an additional 89 shares in the last quarter. O Neil Global Advisors Inc. raised its stake in shares of Howmet Aerospace by 0.5% during the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock worth $2,136,000 after purchasing an additional 90 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Howmet Aerospace by 4.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock valued at $256,000 after buying an additional 92 shares during the last quarter. Finally, Curated Wealth Partners LLC grew its stake in shares of Howmet Aerospace by 4.1% in the first quarter. Curated Wealth Partners LLC now owns 2,510 shares of the company's stock valued at $326,000 after buying an additional 99 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction on 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 transaction, the chief executive officer now directly owns 236,544 shares of the company's stock, valued at $37,127,946.24. The trade was a 77.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. The trade was 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 valued at $130,517,863 in the last quarter. Company insiders own 1.12% of the company's stock.

Howmet Aerospace Trading Up 0.2%

Shares of NYSE:HWM opened at $172.00 on Wednesday. Howmet Aerospace Inc. has a 12-month low of $76.83 and a 12-month high of $177.25. The business has a 50 day moving average of $153.48 and a 200-day moving average of $133.69. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70. The stock has a market cap of $69.43 billion, a PE ratio of 56.03, a P/E/G ratio of 2.59 and a beta of 1.44.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly 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. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the firm posted $0.53 EPS. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities 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. Shareholders of record on Friday, May 9th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's dividend payout ratio is currently 13.03%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HWM shares. UBS Group boosted their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Barclays lifted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Royal Bank Of Canada raised their target price on shares of Howmet Aerospace from $165.00 to $200.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Finally, The Goldman Sachs Group lifted their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus target price of $142.13.

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.

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