Pinkerton Retirement Specialists LLC Has $901,000 Stake in Howmet Aerospace Inc. (NYSE:HWM)

Pinkerton Retirement Specialists LLC boosted its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 217.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,238 shares of the company's stock after purchasing an additional 5,647 shares during the period. Pinkerton Retirement Specialists LLC's holdings in Howmet Aerospace were worth $901,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vista Investment Partners LLC acquired a new stake in Howmet Aerospace in the fourth quarter valued at $531,000. Genesis Private Wealth LLC acquired a new stake in Howmet Aerospace during the 4th quarter worth about $249,000. Ameritas Advisory Services LLC acquired a new stake in Howmet Aerospace during the 4th quarter worth about $289,000. Geneos Wealth Management Inc. grew its holdings in Howmet Aerospace by 303.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock worth $1,199,000 after acquiring an additional 8,241 shares during the period. Finally, Oregon Pacific Wealth Management LLC acquired a new stake in Howmet Aerospace during the 4th quarter worth about $338,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 12th. The shares were 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 now directly owns 236,544 shares in the company, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the completion of the transaction, the executive vice president now owns 131,859 shares of the company's stock, valued at $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. In the last quarter, insiders have sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HWM shares. UBS Group increased their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Morgan Stanley raised their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Benchmark raised their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Truist Financial reduced their target price on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace has an average rating of "Moderate Buy" and an average target price of $132.53.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $162.80 on Thursday. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $166.50. The company's 50 day moving average price is $137.22 and its two-hundred day moving average price is $126.14. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The stock has a market cap of $65.72 billion, a P/E ratio of 57.73, a P/E/G ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted 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. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Howmet Aerospace's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.25%. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

About Howmet Aerospace

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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