Keybank National Association OH Purchases 3,607 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Keybank National Association OH raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 49.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,957 shares of the company's stock after purchasing an additional 3,607 shares during the quarter. Keybank National Association OH's holdings in Howmet Aerospace were worth $1,421,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $25,000. Meeder Asset Management Inc. increased its position in shares of 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 purchasing an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $25,000. Kapitalo Investimentos Ltda bought a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $30,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Howmet Aerospace by 114.6% in the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after purchasing an additional 141 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 2.6%

Shares of NYSE:HWM traded up $4.64 during trading on Friday, reaching $180.59. 1,766,373 shares of the company traded hands, compared to its average volume of 2,805,778. The business's fifty day moving average is $166.68 and its 200-day moving average is $139.28. Howmet Aerospace Inc. has a 52-week low of $77.22 and a 52-week high of $187.51. The firm has a market capitalization of $72.90 billion, a price-to-earnings ratio of 58.82, a P/E/G ratio of 2.73 and a beta of 1.43. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The firm's revenue was up 5.5% on a year-over-year basis. As a group, analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The firm 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. This represents a $0.40 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's payout ratio is 13.03%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HWM shares. Benchmark upped their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Finally, Truist Financial increased their price target on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average price target of $142.13.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president owned 131,859 shares in the company, valued at approximately $20,903,607.27. This represents a 18.53% 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 stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the transaction, the vice president owned 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock valued at $130,517,863 over the last quarter. 1.04% of the stock is owned by company insiders.

Howmet Aerospace Company 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.