Diversified Trust Co Acquires New Position in Howmet Aerospace Inc. (NYSE:HWM)

Diversified Trust Co acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,652 shares of the company's stock, valued at approximately $2,550,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HWM. CVA Family Office LLC raised its holdings in Howmet Aerospace by 15.7% during the 1st quarter. CVA Family Office LLC now owns 605 shares of the company's stock valued at $78,000 after buying an additional 82 shares during the last quarter. Private Trust Co. NA raised its holdings in Howmet Aerospace by 28.0% during the 4th quarter. Private Trust Co. NA now owns 407 shares of the company's stock valued at $45,000 after buying an additional 89 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Howmet Aerospace by 4.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock valued at $256,000 after buying an additional 92 shares during the last quarter. Nilsine Partners LLC raised its holdings in Howmet Aerospace by 3.9% during the 1st quarter. Nilsine Partners LLC now owns 2,461 shares of the company's stock valued at $319,000 after buying an additional 93 shares during the last quarter. Finally, Curated Wealth Partners LLC raised its holdings in Howmet Aerospace by 4.1% during the 1st quarter. Curated Wealth Partners LLC now owns 2,510 shares of the company's stock valued at $326,000 after buying an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction dated 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 sale, the executive vice president now directly owns 131,859 shares of the company's stock, valued at $20,903,607.27. This represents a 18.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 236,544 shares in the company, valued at $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. Insiders have sold 831,250 shares of company stock valued at $130,517,863 in the last three months. 1.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Benchmark upped their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Royal Bank Of Canada upped their price target on shares of Howmet Aerospace from $165.00 to $200.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Finally, UBS Group upped their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a 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, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus price target of $142.13.

Howmet Aerospace Trading Up 4.6%

NYSE HWM traded up $8.22 during trading on Friday, hitting $185.07. The company had a trading volume of 23,826,568 shares, compared to its average volume of 2,779,244. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. Howmet Aerospace Inc. has a one year low of $76.85 and a one year high of $185.52. The company has a market cap of $74.71 billion, a price-to-earnings ratio of 60.28, a price-to-earnings-growth ratio of 2.79 and a beta of 1.44. The company's fifty day moving average is $161.55 and its 200-day moving average is $136.92.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. On average, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, May 9th. 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.