15,905 Shares in Howmet Aerospace Inc. (NYSE:HWM) Bought by Jackson Square Capital LLC

Jackson Square Capital LLC purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,905 shares of the company's stock, valued at approximately $2,063,000.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HWM shares. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. UBS Group increased their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Truist Financial raised their price target on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group lifted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $137.88.

Howmet Aerospace Trading Down 0.4%

Shares of NYSE HWM traded down $0.61 during midday trading on Friday, hitting $170.91. The stock had a trading volume of 2,418,162 shares, compared to its average volume of 2,735,355. The company has a market capitalization of $68.99 billion, a price-to-earnings ratio of 60.61, a PEG ratio of 1.92 and a beta of 1.44. Howmet Aerospace Inc. has a 1-year low of $76.83 and a 1-year high of $177.25. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average price of $151.46 and a 200 day moving average price of $132.83.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company's revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. On average, analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The business 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 was Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.23%. Howmet Aerospace's payout ratio is currently 13.03%.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction that occurred 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 sale, the vice president now directly owns 23,044 shares in the company, valued at $3,575,737.48. The trade was a 5.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were 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 $37,127,946.24. This trade represents a 77.18% 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. 1.04% of the stock is currently owned by company insiders.

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.