Mezzasalma Advisors LLC lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 45.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 7,512 shares of the company's stock after buying an additional 2,334 shares during the period. Mezzasalma Advisors LLC's holdings in Howmet Aerospace were worth $975,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of HWM. Brighton Jones LLC raised its stake in Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock worth $279,000 after purchasing an additional 130 shares during the period. Vontobel Holding Ltd. raised its stake in Howmet Aerospace by 8.9% during the fourth quarter. Vontobel Holding Ltd. now owns 4,222 shares of the company's stock worth $462,000 after purchasing an additional 346 shares during the period. Valeo Financial Advisors LLC raised its stake in Howmet Aerospace by 9.5% during the fourth quarter. Valeo Financial Advisors LLC now owns 2,784 shares of the company's stock worth $305,000 after purchasing an additional 241 shares during the period. Nations Financial Group Inc. IA ADV purchased a new position in Howmet Aerospace during the fourth quarter worth approximately $248,000. Finally, Principal Securities Inc. raised its stake in Howmet Aerospace by 23.9% during the fourth quarter. Principal Securities Inc. now owns 6,872 shares of the company's stock worth $752,000 after purchasing an additional 1,325 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on HWM. Truist Financial increased their price target on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Royal Bank Of Canada increased their price objective on shares of Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Benchmark increased 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. Finally, Morgan Stanley increased their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $142.13.
View Our Latest Analysis on Howmet Aerospace
Howmet Aerospace Stock Down 1.1%
HWM traded down $1.97 during trading hours on Thursday, reaching $170.16. 2,343,401 shares of the stock traded hands, compared to its average volume of 2,722,766. The firm's fifty day simple moving average is $154.32 and its two-hundred day simple moving average is $133.95. The company has a market cap of $68.69 billion, a price-to-earnings ratio of 55.43, a PEG ratio of 2.57 and a beta of 1.44. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $177.25. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07.
Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The business's revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. As a group, analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's dividend payout ratio is currently 13.03%.
Insiders Place Their Bets
In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the transaction, the chief executive officer now directly owns 236,544 shares of the company's stock, valued at $37,127,946.24. This trade represents a 77.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the transaction, the executive vice president now directly owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 in the last ninety days. Corporate insiders own 1.04% of the company's stock.
About Howmet Aerospace
(
Free Report)
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.
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