OneDigital Investment Advisors LLC Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

OneDigital Investment Advisors LLC increased its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 19.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,051 shares of the company's stock after acquiring an additional 1,469 shares during the period. OneDigital Investment Advisors LLC's holdings in Howmet Aerospace were worth $1,174,000 at the end of the most recent reporting period.

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

Howmet Aerospace Price Performance

Howmet Aerospace stock traded down $0.68 during mid-day trading on Tuesday, hitting $179.57. The stock had a trading volume of 3,288,712 shares, compared to its average volume of 3,126,256. The firm has a market capitalization of $72.49 billion, a P/E ratio of 58.49, a P/E/G ratio of 2.73 and a beta of 1.43. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The firm's 50 day moving average is $167.56 and its 200 day moving average is $139.97. Howmet Aerospace Inc. has a one year low of $77.22 and a one year high of $187.51.

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, beating the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The business's revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business 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 0.22%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Insider Buying and Selling at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the sale, the vice president directly owned 23,044 shares in the company, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the company's 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock valued at $130,517,863 in the last 90 days. Insiders own 1.12% of the company's stock.

Analyst Ratings Changes

HWM has been the subject of a number of research reports. UBS Group boosted their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Finally, Truist Financial upped their price objective 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 investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.