CENTRAL TRUST Co Grows Stake in Howmet Aerospace Inc. (NYSE:HWM)

CENTRAL TRUST Co boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 89.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,006 shares of the company's stock after purchasing an additional 2,837 shares during the quarter. CENTRAL TRUST Co's holdings in Howmet Aerospace were worth $779,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Murphy & Mullick Capital Management Corp purchased a new position in Howmet Aerospace during the 4th quarter worth $25,000. Meeder Asset Management Inc. raised 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 purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $25,000. Washington Trust Advisors Inc. bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $29,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace 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 completion of the transaction, the executive vice president now owns 131,859 shares in the company, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $193,962.50. Following the completion of the transaction, the vice president now owns 23,044 shares of the company's stock, 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. Insiders sold a total of 831,250 shares of company stock worth $130,517,863 over the last quarter. 1.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Truist Financial boosted 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. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Benchmark upped their price target on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, UBS Group upped their price target on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $142.13.

Howmet Aerospace Trading Up 1.7%

Shares of NYSE:HWM traded up $2.83 during trading on Friday, reaching $173.06. 4,528,413 shares of the company traded hands, compared to its average volume of 2,728,206. The firm has a market capitalization of $69.86 billion, a price-to-earnings ratio of 56.37, a P/E/G ratio of 2.57 and a beta of 1.44. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $177.25. 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 business's fifty day moving average is $155.24 and its 200-day moving average is $134.31.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The company had revenue of $1.94 billion during 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 for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. As a group, analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.23%. Howmet Aerospace's dividend payout ratio is presently 13.03%.

Howmet Aerospace Company 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.