IFM Investors Pty Ltd Boosts Holdings in Howmet Aerospace Inc. (NYSE:HWM)

IFM Investors Pty Ltd raised its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,812 shares of the company's stock after purchasing an additional 4,947 shares during the quarter. IFM Investors Pty Ltd's holdings in Howmet Aerospace were worth $10,484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. lifted its holdings in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $25,000. Washington Trust Advisors Inc. acquired a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $29,000. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after acquiring an additional 141 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Down 0.4%

Shares of NYSE:HWM traded down $0.68 during trading hours on Tuesday, reaching $179.57. The stock had a trading volume of 3,288,712 shares, compared to its average volume of 2,810,571. Howmet Aerospace Inc. has a 1 year low of $77.22 and a 1 year high of $187.51. The firm's 50 day moving average is $168.40 and its 200-day moving average is $140.25. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30. The stock has a market capitalization of $72.49 billion, a price-to-earnings 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm posted $0.53 EPS. The company's quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Benchmark upped their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Truist Financial upped their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Finally, UBS Group increased their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $142.13.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president directly owned 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 transaction of $4,755,900.00. Following the completion of the sale, the executive vice president directly owned 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 disclosure for this sale can be found here. In the last three months, insiders have sold 831,250 shares of company stock valued at $130,517,863. Insiders own 1.12% of the company's stock.

About Howmet Aerospace

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.