Commonwealth Equity Services LLC Has $19.23 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Key Points

• Commonwealth Equity Services LLC increased its holdings in Howmet Aerospace by 45.7%, owning 148,211 shares valued at approximately $19.23 million.
• Insider transactions included significant sales by CEO John C. Plant and EVP Neil Edward Marchuk, with Plant selling 800,000 shares worth $125.57 million, reducing his ownership by 77.18%.
• Wall Street analysts remain optimistic with a consensus rating of "Moderate Buy" for Howmet Aerospace, setting an average target price of $172.13 per share.

Commonwealth Equity Services LLC boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 45.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,211 shares of the company's stock after buying an additional 46,458 shares during the quarter. Commonwealth Equity Services LLC's holdings in Howmet Aerospace were worth $19,227,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $25,000. Kapitalo Investimentos Ltda acquired a new stake in Howmet Aerospace in the fourth quarter valued at approximately $30,000. GPS Wealth Strategies Group LLC boosted its position in Howmet Aerospace by 114.6% in the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after buying an additional 141 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Howmet Aerospace during the first quarter worth $37,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter worth $39,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace 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 completion of the sale, the executive vice president owned 131,859 shares in the company, valued at $20,903,607.27. The trade was a 18.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John C. Plant sold 800,000 shares of the 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 directly owned 236,544 shares in the company, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. UBS Group raised their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Barclays reissued an "overweight" rating and set a $190.00 price target (up from $140.00) on shares of Howmet Aerospace in a research note on Monday. Benchmark upped 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. Truist Financial raised their price objective 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. Finally, Susquehanna boosted their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a report on Monday, July 14th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Price Performance

HWM stock opened at $181.49 on Friday. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The firm has a market cap of $73.17 billion, a price-to-earnings ratio of 53.07, a PEG ratio of 2.32 and a beta of 1.48. The company's fifty day simple moving average is $179.32 and its 200 day simple moving average is $150.71. Howmet Aerospace Inc. has a 12-month low of $88.52 and a 12-month high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business earned $0.67 EPS. The firm's revenue was up 9.2% compared to the same quarter last year. On average, analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, August 8th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio (DPR) is currently 11.70%.

Howmet Aerospace 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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