Braun Stacey Associates Inc. decreased its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 350,162 shares of the company's stock after selling 11,381 shares during the period. Howmet Aerospace makes up about 1.9% of Braun Stacey Associates Inc.'s portfolio, making the stock its 8th biggest holding. Braun Stacey Associates Inc. owned about 0.09% of Howmet Aerospace worth $45,427,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Howmet Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock valued at $5,153,220,000 after buying an additional 352,256 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 shares of 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 shares of 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 shares of 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. Hedge funds and other institutional investors own 90.46% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Truist Financial lifted their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. UBS Group raised their target price on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Finally, Benchmark raised their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average target price of $142.13.
View Our Latest Analysis on Howmet Aerospace
Insider Transactions at Howmet Aerospace
In other news, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the transaction, the chief executive officer directly owned 236,544 shares in the company, valued at $37,127,946.24. The trade was a 77.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president owned 23,044 shares in the company, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock worth $130,517,863 in the last ninety days. Insiders own 1.12% of the company's stock.
Howmet Aerospace Price Performance
NYSE:HWM traded down $0.68 during trading hours on Tuesday, hitting $179.57. 3,288,712 shares of the stock were exchanged, compared to its average volume of 2,810,571. Howmet Aerospace Inc. has a 52-week low of $77.22 and a 52-week high of $187.51. The firm's fifty day moving average price is $168.40 and its 200 day moving average price is $140.25. 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 company has a market cap of $72.49 billion, a P/E ratio of 58.49, a P/E/G ratio of 2.72 and a beta of 1.43.
Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. Howmet Aerospace's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.
Howmet Aerospace Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders 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 of this dividend was Friday, May 9th. Howmet Aerospace's dividend payout ratio is currently 13.03%.
Howmet Aerospace Profile
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Free Report)
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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