Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by DSG Capital Advisors LLC

DSG Capital Advisors LLC decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,983 shares of the company's stock after selling 5,881 shares during the period. DSG Capital Advisors LLC's holdings in Howmet Aerospace were worth $3,890,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in Howmet Aerospace during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. grew its stake in shares of Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after acquiring an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Howmet Aerospace during the fourth quarter worth $25,000. Washington Trust Advisors Inc. purchased a new stake in shares of Howmet Aerospace during the fourth quarter worth $29,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at $30,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Down 1.0%

HWM stock traded down $1.76 during midday trading on Wednesday, reaching $174.46. 1,066,529 shares of the company were exchanged, compared to its average volume of 2,791,959. The company has a market cap of $70.42 billion, a price-to-earnings ratio of 56.66, a price-to-earnings-growth ratio of 2.80 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30. Howmet Aerospace Inc. has a 1-year low of $76.85 and a 1-year high of $187.51. The stock's 50-day simple moving average is $163.92 and its 200 day simple moving average is $137.86.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted 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 net margin of 16.64% and a return on equity of 27.25%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm posted $0.53 EPS. The company's revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The company 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 dividend yield of 0.23%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's payout ratio is 13.03%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a research note on Monday. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. UBS Group boosted their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Benchmark raised their target price 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. Finally, Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $142.13.

Insider Transactions at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of the business's stock in a transaction dated 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 directly owned 23,044 shares of the company's stock, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John C. Plant sold 800,000 shares of the firm's stock in a transaction that occurred 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 owned 236,544 shares in the company, valued at $37,127,946.24. This represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 831,250 shares of company stock worth $130,517,863. Corporate insiders own 1.12% of the company's stock.

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.