Envestnet Portfolio Solutions Inc. Sells 1,829 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Envestnet Portfolio Solutions Inc. reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,993 shares of the company's stock after selling 1,829 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Howmet Aerospace were worth $3,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at $25,000. Meeder Asset Management Inc. grew its holdings in Howmet Aerospace by 208.1% during 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 in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Howmet Aerospace during the 4th quarter worth about $25,000. Washington Trust Advisors Inc. bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $29,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $30,000. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on HWM. Wells Fargo & Company increased 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 note on Friday, May 2nd. Benchmark increased their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. UBS Group lifted their price target on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Finally, Royal Bank Of Canada raised their price objective on Howmet Aerospace from $165.00 to $200.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $142.13.

Insider Buying and Selling

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction on 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 owns 131,859 shares in the company, valued at $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were 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 owns 236,544 shares of the company's stock, 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 sold 831,250 shares of company stock valued at $130,517,863 over the last quarter. 1.12% of the stock is currently owned by company insiders.

Howmet Aerospace Stock Performance

HWM opened at $173.06 on Monday. The company has a market cap of $69.86 billion, a P/E ratio of 56.37, a price-to-earnings-growth ratio of 2.62 and a beta of 1.44. 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 firm's 50-day moving average price is $156.18 and its 200-day moving average price is $134.88. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $177.25.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. Howmet Aerospace's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed 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 0.23%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's payout ratio is 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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