Cavalier Investments LLC Has $17.55 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Cavalier Investments LLC raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 97.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,311 shares of the company's stock after buying an additional 66,913 shares during the period. Howmet Aerospace comprises 6.0% of Cavalier Investments LLC's portfolio, making the stock its 2nd largest holding. Cavalier Investments LLC's holdings in Howmet Aerospace were worth $17,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC lifted its position in shares of Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock valued at $279,000 after buying an additional 130 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Howmet Aerospace by 82.4% during the fourth quarter. Global Retirement Partners LLC now owns 1,107 shares of the company's stock valued at $121,000 after purchasing an additional 500 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of Howmet Aerospace by 61.2% in the fourth quarter. Rothschild Investment LLC now owns 832 shares of the company's stock worth $91,000 after purchasing an additional 316 shares during the period. Lake Street Advisors Group LLC purchased a new stake in shares of Howmet Aerospace in the fourth quarter worth $208,000. Finally, NewEdge Wealth LLC boosted its holdings in Howmet Aerospace by 8.1% in the 4th quarter. NewEdge Wealth LLC now owns 51,599 shares of the company's stock worth $5,643,000 after buying an additional 3,861 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Howmet Aerospace

In other news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the transaction, the chief executive officer now 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the sale, the vice president now directly owns 23,044 shares of the company's stock, valued at $3,575,737.48. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 831,250 shares of company stock valued at $130,517,863. Corporate insiders own 1.04% of the company's stock.

Analyst Upgrades and Downgrades

HWM has been the subject of several research analyst reports. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Wells Fargo & Company increased their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Benchmark increased their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, Truist Financial raised their target price on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average price target of $142.13.

Howmet Aerospace Trading Up 0.5%

Shares of NYSE HWM opened at $176.96 on Friday. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $179.32. The firm has a market cap 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. The business has a fifty day simple moving average of $160.31 and a two-hundred day simple moving average of $136.29. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.86 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 business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm posted $0.53 EPS. The company's revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared 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 0.23%. Howmet Aerospace's dividend payout ratio is presently 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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