Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 5.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 251,027 shares of the company's stock after buying an additional 14,032 shares during the quarter. Howmet Aerospace comprises 1.1% of Moran Wealth Management LLC's investment portfolio, making the stock its 14th biggest holding. Moran Wealth Management LLC owned about 0.06% of Howmet Aerospace worth $32,566,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Howmet Aerospace by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock worth $5,153,220,000 after buying an additional 352,256 shares during the period. JPMorgan Chase & Co. lifted its position in Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Howmet Aerospace by 0.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock valued at $1,445,210,000 after purchasing an additional 80,972 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Howmet Aerospace by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after purchasing an additional 1,026,130 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Howmet Aerospace by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock valued at $1,070,267,000 after purchasing an additional 308,574 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Insiders Place Their Bets

In other news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the transaction, the executive vice president now directly owns 131,859 shares in the company, valued at $20,903,607.27. The trade was a 18.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 831,250 shares of company stock valued at $130,517,863. Corporate insiders own 1.12% of the company's stock.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded up $1.08 during trading hours on Tuesday, hitting $176.71. The stock had a trading volume of 2,490,201 shares, compared to its average volume of 2,917,576. Howmet Aerospace Inc. has a 1-year low of $76.83 and a 1-year high of $177.50. The stock has a market capitalization of $71.33 billion, a price-to-earnings ratio of 57.56, a PEG ratio of 2.62 and a beta of 1.44. The stock's fifty day moving average is $157.15 and its two-hundred day moving average is $135.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations 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 was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. As a group, analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HWM shares. Benchmark increased their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. UBS Group raised their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price objective on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average target price 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.