Geneva Partners LLC Sells 1,825 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Geneva Partners LLC reduced its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,862 shares of the company's stock after selling 1,825 shares during the period. Howmet Aerospace comprises about 1.5% of Geneva Partners LLC's investment portfolio, making the stock its 24th biggest position. Geneva Partners LLC's holdings in Howmet Aerospace were worth $2,966,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. CVA Family Office LLC lifted 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 purchasing an additional 82 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Howmet Aerospace by 4.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock worth $256,000 after acquiring an additional 92 shares during the last quarter. Nilsine Partners LLC raised its stake in shares of Howmet Aerospace by 3.9% in the first quarter. Nilsine Partners LLC now owns 2,461 shares of the company's stock worth $319,000 after acquiring an additional 93 shares during the last quarter. Argentarii LLC raised its stake in shares of Howmet Aerospace by 1.1% in the first quarter. Argentarii LLC now owns 9,054 shares of the company's stock worth $1,175,000 after acquiring an additional 98 shares during the last quarter. Finally, Curated Wealth Partners LLC raised its stake in shares of Howmet Aerospace by 4.1% in the first quarter. Curated Wealth Partners LLC now owns 2,510 shares of the company's stock worth $326,000 after acquiring an additional 99 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of the stock in a transaction that occurred 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 directly owned 236,544 shares in the company, valued at $37,127,946.24. This trade represents a 77.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 over the last three months. 1.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of 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 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. 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. Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Finally, BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $142.13.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $180.40 on Tuesday. Howmet Aerospace Inc. has a 12 month low of $77.22 and a 12 month high of $187.51. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $72.82 billion, a PE ratio of 58.76, a price-to-earnings-growth ratio of 2.73 and a beta of 1.43. The firm has a fifty day simple moving average of $167.56 and a two-hundred day simple moving average of $139.97.

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

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a 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.

Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.