Heartland Bank & Trust Co Invests $215,000 in Howmet Aerospace Inc. (NYSE:HWM)

Heartland Bank & Trust Co purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,654 shares of the company's stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HWM. Brighton Jones LLC grew its stake in shares of Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock worth $279,000 after acquiring an additional 130 shares during the period. Allworth Financial LP grew its stake in shares of Howmet Aerospace by 47.6% during the 4th quarter. Allworth Financial LP now owns 1,959 shares of the company's stock worth $214,000 after acquiring an additional 632 shares during the period. D.A. Davidson & CO. boosted its stake in Howmet Aerospace by 6.6% in the 4th quarter. D.A. Davidson & CO. now owns 13,921 shares of the company's stock worth $1,523,000 after purchasing an additional 866 shares during the period. Global Retirement Partners LLC boosted its stake in Howmet Aerospace by 82.4% in the 4th quarter. Global Retirement Partners LLC now owns 1,107 shares of the company's stock worth $121,000 after purchasing an additional 500 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in Howmet Aerospace by 8.7% in the 4th quarter. First Horizon Advisors Inc. now owns 3,551 shares of the company's stock worth $388,000 after purchasing an additional 285 shares during the period. Institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HWM shares. Benchmark raised their target price on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Wells Fargo & Company raised their target price on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Royal Bank Of Canada raised their target price on Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, Truist Financial raised their target price on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.13.

Insiders Place Their Bets

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the transaction, the vice president now directly owns 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 831,250 shares of company stock valued at $130,517,863. 1.12% of the stock is currently owned by corporate insiders.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $173.06 on Monday. The business's 50-day moving average price is $156.18 and its two-hundred day moving average price is $134.88. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $177.25. The stock has a market cap of $69.86 billion, a P/E ratio of 56.37, a PEG ratio of 2.62 and a beta of 1.44. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued 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 return on equity of 27.25% and a net margin of 16.64%. The business 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 firm earned $0.53 earnings per share. Howmet Aerospace's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

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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