Gunderson Capital Management Inc. Invests $3.10 Million in Howmet Aerospace Inc. (NYSE:HWM)

Gunderson Capital Management Inc. acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 23,913 shares of the company's stock, valued at approximately $3,102,000. Howmet Aerospace accounts for about 2.0% of Gunderson Capital Management Inc.'s portfolio, making the stock its 18th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock worth $1,775,578,000 after acquiring an additional 1,336,592 shares during the period. Brighton Jones LLC lifted its holdings in shares of Howmet Aerospace by 5.4% in the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock worth $279,000 after buying an additional 130 shares in the last quarter. Perigon Wealth Management LLC boosted its position in shares of Howmet Aerospace by 4.1% during the fourth quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company's stock worth $318,000 after acquiring an additional 115 shares during the last quarter. R Squared Ltd bought a new position in shares of Howmet Aerospace during the fourth quarter worth $26,000. Finally, Heck Capital Advisors LLC purchased a new position in Howmet Aerospace during the fourth quarter valued at $70,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 0.0%

NYSE:HWM traded up $0.07 during mid-day trading on Tuesday, hitting $172.72. 2,764,335 shares of the stock traded hands, compared to its average volume of 2,713,820. 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 $175.75. The stock has a market capitalization of $69.72 billion, a price-to-earnings ratio of 61.25, a PEG ratio of 1.92 and a beta of 1.37. The firm's 50 day moving average is $142.94 and its two-hundred day moving average is $129.54.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The company's quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.23%. Howmet Aerospace's payout ratio is 13.03%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HWM. Barclays boosted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Wells Fargo & Company lifted their target price on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Truist Financial cut their price target on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Benchmark lifted their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $132.53.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares in the company, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value 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. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 in the last three months. Company 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.