PFG Investments LLC Buys 1,602 Shares of Howmet Aerospace Inc. (NYSE:HWM)

PFG Investments LLC boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 77.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,665 shares of the company's stock after acquiring an additional 1,602 shares during the period. PFG Investments LLC's holdings in Howmet Aerospace were worth $475,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Brighton Jones LLC raised its position in shares of Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock worth $279,000 after purchasing an additional 130 shares during the last quarter. Global Retirement Partners LLC increased its stake in Howmet Aerospace by 82.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,107 shares of the company's stock valued at $121,000 after purchasing an additional 500 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Howmet Aerospace by 8.7% in the fourth quarter. First Horizon Advisors Inc. now owns 3,551 shares of the company's stock worth $388,000 after buying an additional 285 shares during the last quarter. Howard Capital Management Inc. lifted its stake in shares of Howmet Aerospace by 5.5% in the fourth quarter. Howard Capital Management Inc. now owns 2,611 shares of the company's stock worth $286,000 after buying an additional 135 shares in the last quarter. Finally, MONECO Advisors LLC grew its holdings in shares of Howmet Aerospace by 19.9% during the fourth quarter. MONECO Advisors LLC now owns 2,745 shares of the company's stock valued at $300,000 after buying an additional 456 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Insider Buying and Selling at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president now directly owns 23,044 shares of the company's stock, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the 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 now directly owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 831,250 shares of company stock worth $130,517,863. Insiders own 1.12% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HWM shares. Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Truist Financial boosted their price target on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Royal Bank Of Canada boosted their target price on Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, Benchmark lifted their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $142.13.

Howmet Aerospace Price Performance

Shares of NYSE HWM traded down $0.39 during midday trading on Wednesday, reaching $176.18. The stock had a trading volume of 2,552,021 shares, compared to its average volume of 2,710,858. The stock has a 50-day moving average of $158.20 and a 200-day moving average of $135.57. Howmet Aerospace Inc. has a 12-month low of $76.83 and a 12-month high of $178.69. The company has a market capitalization of $71.12 billion, a price-to-earnings ratio of 57.39, a price-to-earnings-growth ratio of 2.65 and a beta of 1.44. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $0.53 EPS. The firm's quarterly revenue was up 5.5% on a year-over-year basis. As a group, 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 $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) 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.