Federated Hermes Inc. Has $35.55 Million Stake in Howmet Aerospace Inc. (NYSE:HWM)

Federated Hermes Inc. raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 92.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 274,051 shares of the company's stock after acquiring an additional 131,444 shares during the quarter. Federated Hermes Inc. owned approximately 0.07% of Howmet Aerospace worth $35,553,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Meeder Asset Management Inc. lifted 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 valued at $25,000 after purchasing an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Howmet Aerospace during the fourth quarter worth about $25,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth approximately $30,000. GPS Wealth Strategies Group LLC raised its stake in shares of Howmet Aerospace by 114.6% in the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after acquiring an additional 141 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Howmet Aerospace in the 1st quarter worth approximately $37,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Up 2.6%

Shares of NYSE:HWM traded up $4.63 during midday trading on Friday, hitting $184.40. The company had a trading volume of 5,089,161 shares, compared to its average volume of 2,663,346. The company has a current ratio of 2.31, a quick ratio of 1.07 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 12 month low of $85.39 and a 12 month high of $193.26. The firm has a fifty day simple moving average of $178.35 and a 200 day simple moving average of $149.14. The stock has a market cap of $74.44 billion, a price-to-earnings ratio of 53.92, a PEG ratio of 2.64 and a beta of 1.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. The company's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 8th. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 0.3%. Howmet Aerospace's payout ratio is currently 13.03%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group lifted their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Susquehanna boosted their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a research note on Monday, July 14th. Truist Financial boosted their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Wells Fargo & Company raised 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. Finally, Morgan Stanley raised their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $153.47.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace 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 directly owned 131,859 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 236,544 shares in the company, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 831,250 shares of company stock valued at $130,517,863. Corporate insiders own 1.04% of the company's stock.

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.