Howmet Aerospace Inc. (NYSE:HWM) Stock Position Lifted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 107.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,950 shares of the company's stock after purchasing an additional 31,606 shares during the quarter. Janney Montgomery Scott LLC's holdings in Howmet Aerospace were worth $7,907,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $1,001,558,000. JPMorgan Chase & Co. boosted its holdings in Howmet Aerospace by 14.0% in the 4th 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 acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $265,844,000. GAMMA Investing LLC increased its holdings in shares of Howmet Aerospace by 15,741.8% during the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock worth $1,723,040,000 after buying an additional 1,319,792 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Howmet Aerospace by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after buying an additional 1,026,130 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Buying and Selling

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now directly owns 131,859 shares in the company, valued at $20,903,607.27. This trade represents a 18.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the stock in a transaction dated 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 approximately $37,127,946.24. This trade represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 831,250 shares of company stock worth $130,517,863. 1.12% of the stock is owned by company insiders.

Howmet Aerospace Price Performance

NYSE HWM traded up $2.83 during mid-day trading on Friday, hitting $173.06. The stock had a trading volume of 4,528,413 shares, compared to its average volume of 2,538,031. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70. The company has a market cap of $69.86 billion, a price-to-earnings ratio of 58.17, a P/E/G ratio of 2.62 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 50 day simple moving average of $156.18 and a 200 day simple moving average of $134.78.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted 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. The company 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 27.25% and a net margin of 16.64%. Howmet Aerospace's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. Equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were given a $0.10 dividend. 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 dividend payout ratio is currently 13.03%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HWM. Royal Bank Of Canada upped their target price on shares of Howmet Aerospace from $165.00 to $200.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Truist Financial increased their target price 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. Finally, UBS Group boosted their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.13.

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.