Delta Investment Management LLC Has $506,000 Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Delta Investment Management LLC increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 60.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,626 shares of the company's stock after acquiring an additional 1,742 shares during the quarter. Delta Investment Management LLC's holdings in Howmet Aerospace were worth $506,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vista Investment Partners LLC acquired a new stake in Howmet Aerospace during the 4th quarter worth $531,000. Genesis Private Wealth LLC bought a new position in shares of Howmet Aerospace in the 4th quarter worth $249,000. Ameritas Advisory Services LLC acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth $289,000. Geneos Wealth Management Inc. increased its holdings in Howmet Aerospace by 303.1% in the fourth quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock valued at $1,199,000 after purchasing an additional 8,241 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Howmet Aerospace by 150.5% in the fourth quarter. Park Avenue Securities LLC now owns 10,707 shares of the company's stock valued at $1,171,000 after buying an additional 6,433 shares during the period. Institutional investors own 90.46% of the company's stock.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the transaction, the executive vice president now directly owns 131,859 shares in the company, valued at $20,903,607.27. This trade represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president now directly owns 23,044 shares in the company, valued at $3,575,737.48. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock worth $130,517,863 in the last three months. Insiders own 1.04% of the company's stock.

Howmet Aerospace Stock Up 1.3%

Shares of Howmet Aerospace stock traded up $2.04 during trading on Friday, reaching $165.05. The stock had a trading volume of 2,045,006 shares, compared to its average volume of 2,697,740. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $66.63 billion, a price-to-earnings ratio of 58.53, a P/E/G ratio of 1.92 and a beta of 1.37. The stock has a fifty day moving average price of $138.63 and a two-hundred day moving average price of $127.09. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $166.50.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The business's quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.24%. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Analysts Set New Price Targets

HWM has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. UBS Group increased their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Truist Financial reduced their price target on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company upped 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 analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $132.53.

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.