44,891 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by Kessler Investment Group LLC

Kessler Investment Group LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 44,891 shares of the company's stock, valued at approximately $5,824,000. Howmet Aerospace comprises 2.8% of Kessler Investment Group LLC's holdings, making the stock its 14th biggest position.

A number of other large investors have also bought and sold shares of HWM. Murphy & Mullick Capital Management Corp purchased a new stake in Howmet Aerospace in the fourth quarter worth $25,000. Meeder Asset Management Inc. increased its position in Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after buying an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Howmet Aerospace in the fourth quarter worth $25,000. Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace in the fourth quarter worth $29,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Howmet Aerospace in the fourth quarter worth $30,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

NYSE:HWM traded up $8.22 during trading hours on Friday, hitting $185.07. 23,826,568 shares of the company's stock traded hands, compared to its average volume of 2,779,244. The firm has a market cap of $74.71 billion, a P/E ratio of 60.28, a P/E/G ratio of 2.79 and a beta of 1.44. Howmet Aerospace Inc. has a 52 week low of $76.85 and a 52 week high of $185.52. The business's fifty day simple moving average is $161.55 and its two-hundred day simple moving average is $136.92. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. The company had revenue of $1.94 billion during 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%. The firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. On average, research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

Insider Activity at Howmet Aerospace

In related news, CEO John C. Plant sold 800,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction dated 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 now directly owns 23,044 shares in the company, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.04% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on HWM shares. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Wells Fargo & Company raised their target price 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. Truist Financial raised their price target on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Royal Bank Of Canada raised their price target on Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Finally, Benchmark raised their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Four equities 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 stock has a consensus rating of "Moderate Buy" and an average price target of $142.13.

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.