Impact Capital Partners LLC Makes New $236,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

Impact Capital Partners LLC purchased a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,822 shares of the company's stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HWM. Norges Bank bought a new stake in Howmet Aerospace in the fourth quarter worth about $1,001,558,000. JPMorgan Chase & Co. raised its position in Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC bought a new stake in Howmet Aerospace in the fourth quarter worth about $265,844,000. GAMMA Investing LLC raised its position in Howmet Aerospace by 15,741.8% in the first quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock worth $1,723,040,000 after acquiring an additional 1,319,792 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in Howmet Aerospace by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after acquiring an additional 1,026,130 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on HWM shares. Morgan Stanley boosted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. UBS Group lifted their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Truist Financial dropped their price target on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Four investment 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.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus price target of $132.53.

Insider Activity at Howmet Aerospace

In related 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 value of $125,568,000.00. Following the completion of the sale, the chief executive officer now owns 236,544 shares of the company's stock, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the business's 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 completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is owned by corporate insiders.

Howmet Aerospace Trading Up 0.2%

NYSE:HWM opened at $175.37 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $177.25. The stock's 50-day moving average is $146.40 and its two-hundred day moving average is $131.07. The stock has a market cap of $70.79 billion, a PE ratio of 62.19, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The business's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors 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 dividend yield of 0.23%. Howmet Aerospace's payout ratio is 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.

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