Concurrent Investment Advisors LLC Buys 6,510 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Concurrent Investment Advisors LLC raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 131.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,456 shares of the company's stock after acquiring an additional 6,510 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Howmet Aerospace were worth $1,486,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in Howmet Aerospace during the 4th quarter valued at about $25,000. Meeder Asset Management Inc. raised its stake in shares of Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $25,000. Kapitalo Investimentos Ltda acquired a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $30,000. Finally, GPS Wealth Strategies Group LLC grew its position in Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after acquiring an additional 141 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president directly owned 23,044 shares in the company, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the executive vice president directly owned 131,859 shares of the company's stock, valued at $20,903,607.27. This trade represents a 18.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 831,250 shares of company stock worth $130,517,863. 1.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HWM has been the subject of several research analyst reports. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Benchmark raised their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. UBS Group upped their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Finally, Wells Fargo & Company raised their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. 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, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $142.13.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $180.40 on Tuesday. The firm has a fifty day moving average of $167.56 and a two-hundred day moving average of $139.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30. The stock has a market capitalization of $72.82 billion, a price-to-earnings ratio of 58.76, a PEG ratio of 2.73 and a beta of 1.43. Howmet Aerospace Inc. has a 52 week low of $77.22 and a 52 week high of $187.51.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping 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 business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's dividend payout ratio is currently 13.03%.

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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