35,864 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by DSG Capital Advisors LLC

DSG Capital Advisors LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 35,864 shares of the company's stock, valued at approximately $3,922,000.

Several other hedge funds and other institutional investors have also modified their holdings of HWM. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. lifted its stake in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $25,000. R Squared Ltd bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $26,000. Finally, Washington Trust Advisors Inc. bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $29,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president now owns 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction that occurred 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 now directly owns 236,544 shares in the company, valued at $37,127,946.24. The trade was a 77.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HWM has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted 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. Barclays upped their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Morgan Stanley boosted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Benchmark boosted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Finally, Truist Financial decreased their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $132.53.

Howmet Aerospace Stock Performance

Howmet Aerospace stock traded down $0.11 during mid-day trading on Friday, reaching $169.98. The company had a trading volume of 4,749,584 shares, compared to its average volume of 2,718,026. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $172.95. The company has a 50 day moving average of $141.52 and a 200-day moving average of $128.53. The firm has a market cap of $68.62 billion, a price-to-earnings ratio of 60.28, a PEG ratio of 1.92 and a beta of 1.37.

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. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. On average, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) 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.