Joel Isaacson & Co. LLC Takes $249,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

Joel Isaacson & Co. LLC acquired a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,918 shares of the company's stock, valued at approximately $249,000.

Several other large investors also recently added to or reduced their stakes in the business. CVA Family Office LLC increased its stake in Howmet Aerospace by 15.7% in the 1st quarter. CVA Family Office LLC now owns 605 shares of the company's stock worth $78,000 after acquiring an additional 82 shares during the last quarter. Private Trust Co. NA increased its position in shares of Howmet Aerospace by 28.0% in the fourth quarter. Private Trust Co. NA now owns 407 shares of the company's stock worth $45,000 after purchasing an additional 89 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Howmet Aerospace by 4.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock valued at $256,000 after purchasing an additional 92 shares in the last quarter. Nilsine Partners LLC lifted its position in Howmet Aerospace by 3.9% during the first quarter. Nilsine Partners LLC now owns 2,461 shares of the company's stock valued at $319,000 after purchasing an additional 93 shares during the last quarter. Finally, Curated Wealth Partners LLC lifted its position in Howmet Aerospace by 4.1% during the first quarter. Curated Wealth Partners LLC now owns 2,510 shares of the company's stock valued at $326,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Trading Down 0.5%

NYSE:HWM traded down $0.89 during midday trading on Wednesday, reaching $175.33. 1,557,264 shares of the stock traded hands, compared to its average volume of 2,793,909. The stock has a market capitalization of $70.77 billion, a P/E ratio of 57.13, a PEG ratio of 2.80 and a beta of 1.43. Howmet Aerospace Inc. has a 12 month low of $76.85 and a 12 month high of $187.51. 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 company has a fifty day moving average of $163.92 and a 200 day moving average of $137.86.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. On average, research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.23%. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of research analyst reports. UBS Group increased their price target 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. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Wells Fargo & Company lifted their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Finally, Truist Financial raised their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Howmet Aerospace currently 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, CEO John C. Plant sold 800,000 shares of the stock in a transaction 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 transaction, the chief executive officer owned 236,544 shares in the company, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction 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 transaction, the vice president directly owned 23,044 shares of the company's stock, valued at $3,575,737.48. This represents a 5.15% decrease in their position. 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. 1.12% of the stock is currently owned by corporate 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.