Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Praxis Investment Management Inc.

Praxis Investment Management Inc. grew its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,340 shares of the company's stock after purchasing an additional 1,660 shares during the period. Praxis Investment Management Inc.'s holdings in Howmet Aerospace were worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in HWM. Murphy & Mullick Capital Management Corp bought a new stake in Howmet Aerospace during the fourth quarter worth approximately $25,000. Meeder Asset Management Inc. boosted its stake in shares of Howmet Aerospace by 208.1% during the 4th 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 acquired 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 valued at $29,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Howmet Aerospace by 114.6% during 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. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $173.06 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $177.25. The stock's 50-day moving average is $156.18 and its two-hundred day moving average is $134.78. 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 firm 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.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The firm's revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. Analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm 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 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 presently 13.03%.

Insider Buying and Selling

In other news, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president now owns 23,044 shares in the company, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 831,250 shares of company stock worth $130,517,863. Corporate insiders own 1.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HWM. Royal Bank Of Canada lifted their price target on Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Benchmark lifted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Wells Fargo & Company raised their price objective 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. Finally, Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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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