Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 40.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,599 shares of the company's stock after purchasing an additional 1,895 shares during the period. Farther Finance Advisors LLC's holdings in Howmet Aerospace were worth $870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Howmet Aerospace by 5.4% in the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock valued at $279,000 after buying an additional 130 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in Howmet Aerospace by 10.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 9,812 shares of the company's stock valued at $1,073,000 after buying an additional 963 shares in the last quarter. Avestar Capital LLC purchased a new position in Howmet Aerospace in the fourth quarter valued at $220,000. Asset Management One Co. Ltd. increased its holdings in Howmet Aerospace by 2.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 191,048 shares of the company's stock valued at $21,250,000 after buying an additional 4,506 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in Howmet Aerospace by 8.9% in the fourth quarter. Vontobel Holding Ltd. now owns 4,222 shares of the company's stock valued at $462,000 after buying an additional 346 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $170.91 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The stock has a market cap of $68.99 billion, a price-to-earnings ratio of 60.61, a price-to-earnings-growth ratio of 1.92 and a beta of 1.44. The firm has a 50 day simple moving average of $151.46 and a 200-day simple moving average of $132.83. Howmet Aerospace Inc. has a 1-year low of $76.83 and a 1-year high of $177.25.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. On average, analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors 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 payout ratio is currently 13.03%.

Insider Buying and Selling

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total value 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 trade represents a 5.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the transaction, the chief executive officer now directly owns 236,544 shares of the company's stock, valued at $37,127,946.24. This represents a 77.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.04% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Truist Financial raised their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Finally, Royal Bank of Canada raised their price objective on Howmet Aerospace from $165.00 to $200.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $137.88.

Howmet Aerospace Company 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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