Board of the Pension Protection Fund Has $311,000 Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Board of the Pension Protection Fund trimmed its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 76.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,400 shares of the company's stock after selling 8,000 shares during the period. Board of the Pension Protection Fund's holdings in Howmet Aerospace were worth $311,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Howmet Aerospace during the fourth quarter valued at about $1,001,558,000. JPMorgan Chase & Co. raised its holdings in Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after buying an additional 2,486,649 shares during the last quarter. Winslow Capital Management LLC acquired a new stake in Howmet Aerospace during the 4th quarter worth approximately $265,844,000. GAMMA Investing LLC boosted its position in Howmet Aerospace by 15,741.8% during the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock worth $1,723,040,000 after buying an additional 1,319,792 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Howmet Aerospace by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after acquiring an additional 1,026,130 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the completion of the sale, the executive vice president now directly 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction that occurred on 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 directly owns 23,044 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders sold 831,250 shares of company stock worth $130,517,863. 1.04% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HWM shares. Royal Bank Of Canada raised their target price on Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. 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, June 12th. Finally, Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $142.13.

Howmet Aerospace Price Performance

HWM stock opened at $176.96 on Friday. 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 is $160.31 and its 200-day moving average is $136.29. The stock has a market capitalization of $71.43 billion, a PE ratio of 57.64, a price-to-earnings-growth ratio of 2.66 and a beta of 1.44. Howmet Aerospace Inc. has a 1 year low of $76.83 and a 1 year high of $179.32.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company earned $0.53 earnings per share. The company's quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were given a $0.10 dividend. 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 currently 13.03%.

About Howmet Aerospace

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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