Burke & Herbert Bank & Trust Co. Acquires Shares of 1,646 Howmet Aerospace Inc. (NYSE:HWM)

Burke & Herbert Bank & Trust Co. acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,646 shares of the company's stock, valued at approximately $214,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Howmet Aerospace in the 4th quarter valued at about $1,001,558,000. JPMorgan Chase & Co. boosted its stake in shares of 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 purchasing an additional 2,486,649 shares during the last quarter. Winslow Capital Management LLC bought a new position in shares of Howmet Aerospace in the 4th quarter valued at about $265,844,000. GAMMA Investing LLC boosted its stake in shares of Howmet Aerospace by 15,741.8% in the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock valued at $1,723,040,000 after purchasing an additional 1,319,792 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Howmet Aerospace by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after purchasing an additional 1,026,130 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Finally, Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus target price of $142.13.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the transaction, the executive vice president directly owned 131,859 shares in the company, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction 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 owned 236,544 shares in the company, valued at approximately $37,127,946.24. The trade was a 77.18% 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 worth $130,517,863 over the last ninety days. Insiders own 1.12% of the company's stock.

Howmet Aerospace Stock Down 0.5%

Shares of NYSE HWM traded down $0.89 during midday trading on Tuesday, reaching $179.36. The company's stock had a trading volume of 1,632,977 shares, compared to its average volume of 2,801,549. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. Howmet Aerospace Inc. has a fifty-two week low of $77.22 and a fifty-two week high of $187.51. The stock has a market capitalization of $72.40 billion, a price-to-earnings ratio of 58.42, a PEG ratio of 2.73 and a beta of 1.43. The stock has a 50 day simple moving average of $167.56 and a 200-day simple moving average of $139.97.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company 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 company earned $0.53 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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. The ex-dividend date was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.22%. Howmet Aerospace's dividend payout ratio (DPR) is presently 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.