Roman Butler Fullerton & Co. Sells 10,171 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Roman Butler Fullerton & Co. cut its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 52.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,359 shares of the company's stock after selling 10,171 shares during the quarter. Roman Butler Fullerton & Co.'s holdings in Howmet Aerospace were worth $1,165,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HWM. Brighton Jones LLC raised its position in Howmet Aerospace by 5.4% in the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock valued at $279,000 after purchasing an additional 130 shares during the last quarter. Vontobel Holding Ltd. raised its position in Howmet Aerospace by 8.9% in the fourth quarter. Vontobel Holding Ltd. now owns 4,222 shares of the company's stock valued at $462,000 after purchasing an additional 346 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Howmet Aerospace by 9.5% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,784 shares of the company's stock valued at $305,000 after purchasing an additional 241 shares during the last quarter. Nations Financial Group Inc. IA ADV bought a new position in Howmet Aerospace in the fourth quarter valued at about $248,000. Finally, Principal Securities Inc. raised its position in Howmet Aerospace by 23.9% in the fourth quarter. Principal Securities Inc. now owns 6,872 shares of the company's stock valued at $752,000 after purchasing an additional 1,325 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares of the company's stock, valued at $3,575,737.48. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.04% of the company's stock.

Analysts Set New Price Targets

HWM has been the subject of several research reports. Wells Fargo & Company increased their target price on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Morgan Stanley increased their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, Truist Financial increased their price target on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average price target of $142.13.

Howmet Aerospace Trading Down 1.1%

NYSE HWM traded down $1.97 during trading hours on Thursday, hitting $170.16. 2,343,401 shares of the company's stock were exchanged, compared to its average volume of 2,722,766. The stock has a 50-day simple moving average of $155.24 and a 200 day simple moving average of $134.31. Howmet Aerospace Inc. has a 1-year low of $76.83 and a 1-year high of $177.25. The firm 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. 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 released its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations 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. On average, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were paid a $0.10 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.24%. Howmet Aerospace's dividend payout ratio (DPR) is presently 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.