Patriot Financial Group Insurance Agency LLC Has $1.99 Million Stake in Howmet Aerospace Inc. (NYSE:HWM)

Patriot Financial Group Insurance Agency LLC reduced its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 18.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,306 shares of the company's stock after selling 3,383 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Howmet Aerospace were worth $1,986,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp bought a new stake in Howmet Aerospace during the fourth quarter worth approximately $25,000. Meeder Asset Management Inc. increased its position in shares of Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace in the 4th quarter worth $25,000. Washington Trust Advisors Inc. acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at $29,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at $30,000. Institutional investors own 90.46% of the company's stock.

Insider Buying and Selling at Howmet Aerospace

In other 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 value of $125,568,000.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the business'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 of the company's stock, valued at $20,903,607.27. This represents a 18.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock worth $130,517,863 over the last ninety days. 1.04% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HWM has been the topic of several research reports. Benchmark boosted their price target 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. Barclays raised their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. The Goldman Sachs Group increased their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. UBS Group lifted their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Royal Bank of Canada boosted their target price on Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a research report on Monday. 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $134.59.

Howmet Aerospace Stock Down 1.4%

HWM stock traded down $2.49 during midday trading on Monday, reaching $172.88. The company had a trading volume of 2,277,530 shares, compared to its average volume of 2,715,765. The company has a 50 day moving average of $146.40 and a two-hundred day moving average of $131.17. The company has a market capitalization of $69.79 billion, a P/E ratio of 61.31, a PEG ratio of 1.92 and a beta of 1.44. Howmet Aerospace Inc. has a 1 year low of $76.83 and a 1 year high of $177.25. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $0.53 earnings per share. Howmet Aerospace's quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders 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 0.23%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

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.