Richard Bernstein Advisors LLC Has $5.32 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Richard Bernstein Advisors LLC decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,990 shares of the company's stock after selling 1,934 shares during the quarter. Richard Bernstein Advisors LLC's holdings in Howmet Aerospace were worth $5,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Howmet Aerospace by 233.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock valued at $18,277,000 after acquiring an additional 98,642 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Howmet Aerospace by 126.1% in the 1st quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock worth $3,140,000 after buying an additional 13,500 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Howmet Aerospace by 156.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company's stock worth $1,014,000 after buying an additional 5,664 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Howmet Aerospace by 11.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,532 shares of the company's stock worth $4,350,000 after purchasing an additional 3,465 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Howmet Aerospace by 22.1% in the 1st quarter. GAMMA Investing LLC now owns 10,238 shares of the company's stock worth $1,328,000 after purchasing an additional 1,854 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the company'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 transaction, the executive vice president owned 131,859 shares in the company, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction 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 trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 831,250 shares of company stock worth $130,517,863. 1.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HWM. Benchmark boosted their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Wells Fargo & Company upped their price target 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. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Finally, UBS Group upped their price target 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. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.13.

Howmet Aerospace Trading Down 0.4%

Shares of HWM stock traded down $0.66 during trading hours on Monday, reaching $180.40. 2,865,134 shares of the stock traded hands, compared to its average volume of 2,806,013. Howmet Aerospace Inc. has a 1-year low of $77.22 and a 1-year high of $187.51. The business has a fifty day moving average price of $166.68 and a 200 day moving average price of $139.49. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $72.82 billion, a PE ratio of 58.76, a PEG ratio of 2.73 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.22%. Howmet Aerospace's dividend payout ratio is presently 13.03%.

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.