Deroy & Devereaux Private Investment Counsel Inc. Reduces Stake in Howmet Aerospace Inc. (NYSE:HWM)

Deroy & Devereaux Private Investment Counsel Inc. lessened its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 29.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 193,997 shares of the company's stock after selling 81,615 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Howmet Aerospace were worth $25,167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in Howmet Aerospace by 233.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock worth $18,277,000 after buying an additional 98,642 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Howmet Aerospace by 126.1% in the 1st 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 lifted its position in Howmet Aerospace by 156.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company's stock valued at $1,014,000 after purchasing an additional 5,664 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Howmet Aerospace by 11.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,532 shares of the company's stock valued at $4,350,000 after buying an additional 3,465 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Howmet Aerospace by 22.1% during the 1st quarter. GAMMA Investing LLC now owns 10,238 shares of the company's stock worth $1,328,000 after purchasing an additional 1,854 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Activity at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the company'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 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 approximately $20,903,607.27. This 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 can be accessed through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $156.96, for a total value of $125,568,000.00. Following the sale, the chief executive officer owned 236,544 shares in the company, valued at $37,127,946.24. The trade was a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 in the last quarter. Insiders own 1.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Wells Fargo & Company increased their target price on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. UBS Group lifted their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a research report on Monday. Finally, Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $142.13.

Howmet Aerospace Trading Up 2.6%

Shares of NYSE HWM opened at $180.59 on Friday. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70. The stock's 50 day moving average price is $165.79 and its two-hundred day moving average price is $138.59. Howmet Aerospace Inc. has a 52-week low of $77.22 and a 52-week high of $187.51. The stock has a market capitalization of $72.90 billion, a P/E ratio of 58.82, a PEG ratio of 2.65 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $0.53 EPS. The business's quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm 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. This represents a $0.40 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend 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.

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