US Bancorp DE Has $5.01 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Key Points

• US Bancorp DE increased its stake in Howmet Aerospace by 22.2%, now holding 38,595 shares valued at approximately $5 million.
• Howmet Aerospace announced a quarterly dividend increase from $0.10 to $0.12, set to be paid on August 25th.
• Analysts have a consensus rating of "Moderate Buy" for Howmet Aerospace, with an average price target of $169.79.

US Bancorp DE lifted its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 22.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,595 shares of the company's stock after purchasing an additional 7,011 shares during the quarter. US Bancorp DE's holdings in Howmet Aerospace were worth $5,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HWM. CVA Family Office LLC boosted its stake in Howmet Aerospace by 15.7% in the 1st quarter. CVA Family Office LLC now owns 605 shares of the company's stock valued at $78,000 after buying an additional 82 shares in the last quarter. Mount Lucas Management LP grew its holdings in shares of Howmet Aerospace by 3.2% in the 1st quarter. Mount Lucas Management LP now owns 2,661 shares of the company's stock worth $345,000 after purchasing an additional 82 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Howmet Aerospace by 4.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock worth $256,000 after purchasing an additional 92 shares during the last quarter. Nilsine Partners LLC increased its position in shares of Howmet Aerospace by 3.9% during the 1st quarter. Nilsine Partners LLC now owns 2,461 shares of the company's stock worth $319,000 after purchasing an additional 93 shares in the last quarter. Finally, Argentarii LLC lifted its holdings in Howmet Aerospace by 1.1% during the 1st quarter. Argentarii LLC now owns 9,054 shares of the company's stock valued at $1,175,000 after purchasing an additional 98 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HWM has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Morgan Stanley boosted their target price on Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Vertical Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Bank of America lifted their price objective on Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Wall Street Zen upgraded Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Trading Up 1.5%

Shares of HWM traded up $2.66 during trading hours on Wednesday, hitting $181.98. 2,016,129 shares of the stock traded hands, compared to its average volume of 2,945,899. The business has a fifty day moving average of $178.86 and a 200-day moving average of $150.10. The firm has a market capitalization of $73.36 billion, a PE ratio of 53.21, a price-to-earnings-growth ratio of 2.29 and a beta of 1.48. Howmet Aerospace Inc. has a 1-year low of $87.64 and a 1-year high of $193.26. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm earned $0.67 EPS. The company's revenue for the quarter was up 9.2% on a year-over-year basis. Analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio (DPR) is presently 11.70%.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the transaction, the executive vice president owned 131,859 shares of the company's stock, valued at $20,903,607.27. This represents a 18.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction 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 sale, the chief executive officer directly owned 236,544 shares of the company's stock, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.04% of the company's stock.

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.