Guyasuta Investment Advisors Inc. Has $591,000 Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Guyasuta Investment Advisors Inc. reduced its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 40.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,558 shares of the company's stock after selling 3,104 shares during the period. Guyasuta Investment Advisors Inc.'s holdings in Howmet Aerospace were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Howmet Aerospace by 233.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock valued at $18,277,000 after buying an additional 98,642 shares during the period. Park Avenue Securities LLC grew its stake in Howmet Aerospace by 126.1% in the 1st quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock valued at $3,140,000 after buying an additional 13,500 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Howmet Aerospace by 156.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company's stock worth $1,014,000 after acquiring an additional 5,664 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Howmet Aerospace in the fourth quarter worth $223,000. Finally, Wellington Management Group LLP boosted its stake in Howmet Aerospace by 236.6% during the fourth quarter. Wellington Management Group LLP now owns 9,816 shares of the company's stock worth $1,074,000 after acquiring an additional 6,900 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Insider Transactions at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the transaction, the vice president now owns 23,044 shares of the company's stock, valued at $3,575,737.48. This represents a 5.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the sale, the executive vice president now directly owns 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. Over the last ninety days, insiders have sold 831,250 shares of company stock worth $130,517,863. Insiders own 1.04% of the company's stock.

Howmet Aerospace Price Performance

NYSE:HWM traded down $0.39 during trading hours on Wednesday, reaching $176.18. 2,641,528 shares of the company were exchanged, compared to its average volume of 2,702,465. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $178.69. The firm has a market cap of $71.12 billion, a PE ratio of 57.39, a price-to-earnings-growth ratio of 2.67 and a beta of 1.44. The stock's 50-day moving average is $158.20 and its 200-day moving average is $135.57. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced 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 firm 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%. The firm's revenue for the quarter 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 anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share 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 given a dividend of $0.10 per share. The ex-dividend date was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.23%. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Wall Street Analyst Weigh In

HWM has been the topic of several analyst reports. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Royal Bank Of Canada increased their price objective on shares of Howmet Aerospace from $165.00 to $200.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Benchmark increased their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, Truist Financial increased their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $142.13.

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.