Cambridge Investment Research Advisors Inc. Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

Cambridge Investment Research Advisors Inc. lifted its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 11.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,532 shares of the company's stock after acquiring an additional 3,465 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Howmet Aerospace were worth $4,350,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Howmet Aerospace by 233.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock worth $18,277,000 after acquiring an additional 98,642 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Howmet Aerospace by 126.1% in the first quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock worth $3,140,000 after acquiring an additional 13,500 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Howmet Aerospace by 156.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company's stock worth $1,014,000 after acquiring an additional 5,664 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Howmet Aerospace in the fourth quarter worth $223,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Howmet Aerospace by 236.6% in the fourth quarter. Wellington Management Group LLP now owns 9,816 shares of the company's stock worth $1,074,000 after acquiring an additional 6,900 shares during the period. 90.46% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction dated 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 now owns 236,544 shares in the company, valued at $37,127,946.24. The trade was a 77.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 131,859 shares in the company, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 831,250 shares of company stock valued at $130,517,863. Insiders own 1.04% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. UBS Group raised their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Benchmark lifted their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, Truist Financial lifted their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $142.13.

Howmet Aerospace Price Performance

HWM stock traded up $8.22 during mid-day trading on Friday, hitting $185.07. 23,826,568 shares of the stock were exchanged, compared to its average volume of 2,779,244. Howmet Aerospace Inc. has a 12 month low of $76.85 and a 12 month high of $185.52. 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 business has a fifty day moving average price of $161.55 and a 200 day moving average price of $136.92. The stock has a market capitalization of $74.71 billion, a price-to-earnings ratio of 60.28, a PEG ratio of 2.79 and a beta of 1.44.

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, beating analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company posted $0.53 EPS. Howmet Aerospace's revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Friday, May 9th. 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.