Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 41.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,825 shares of the company's stock after buying an additional 2,873 shares during the period. QRG Capital Management Inc.'s holdings in Howmet Aerospace were worth $1,275,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC increased its stake in Howmet Aerospace by 126.1% during the 1st quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock worth $3,140,000 after buying an additional 13,500 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Howmet Aerospace by 156.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company's stock valued at $1,014,000 after buying an additional 5,664 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $223,000. Vontobel Holding Ltd. boosted its holdings in shares of Howmet Aerospace by 8.9% in the 4th quarter. Vontobel Holding Ltd. now owns 4,222 shares of the company's stock valued at $462,000 after buying an additional 346 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Howmet Aerospace by 236.6% in the 4th quarter. Wellington Management Group LLP now owns 9,816 shares of the company's stock valued at $1,074,000 after purchasing an additional 6,900 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 131,859 shares of the company's stock, valued at $20,903,607.27. This trade represents a 18.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the sale, the vice president now directly owns 23,044 shares in the company, valued at $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. Insiders have sold 831,250 shares of company stock valued at $130,517,863 in the last ninety days. Insiders own 1.04% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HWM shares. Wells Fargo & Company upped their price objective on shares of 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 upped their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Finally, Benchmark increased their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $142.13.

Howmet Aerospace Price Performance

NYSE HWM traded up $2.83 during trading hours on Friday, reaching $173.06. The company's stock had a trading volume of 4,528,413 shares, compared to its average volume of 2,719,113. The stock has a market cap of $69.86 billion, a PE ratio of 56.37, a PEG ratio of 2.62 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's 50-day moving average is $156.18 and its two-hundred day moving average is $134.78. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The firm's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. Analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.23%. Howmet Aerospace's dividend payout ratio is currently 13.03%.

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.