Harel Insurance Investments & Financial Services Ltd. Buys 11,429 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 37.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,102 shares of the company's stock after acquiring an additional 11,429 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Howmet Aerospace were worth $5,462,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HWM. Murphy & Mullick Capital Management Corp bought a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $25,000. Meeder Asset Management Inc. lifted its stake in Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after acquiring an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace during the 4th quarter worth approximately $25,000. Washington Trust Advisors Inc. bought a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $29,000. Finally, GPS Wealth Strategies Group LLC raised its holdings 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 purchasing an additional 141 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Up 2.6%

NYSE:HWM opened at $180.59 on Friday. Howmet Aerospace Inc. has a one year low of $77.22 and a one year high of $187.51. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07. The company has a market cap of $72.90 billion, a PE ratio of 58.82, a P/E/G ratio of 2.65 and a beta of 1.43. The firm's 50 day simple moving average is $165.79 and its 200 day simple moving average is $138.59.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates 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 business earned $0.53 earnings per share. On average, research analysts anticipate 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 paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's dividend payout ratio is currently 13.03%.

Insider Activity at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the company's 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 of the company's stock, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the transaction, the vice president directly owned 23,044 shares of the company's stock, valued at $3,575,737.48. This represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 831,250 shares of company stock worth $130,517,863 over the last ninety days. Insiders own 1.04% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on HWM shares. UBS Group increased their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a report on Monday. Finally, Truist Financial raised their price target on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $142.13.

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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