Sendero Wealth Management LLC Acquires 3,103 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Sendero Wealth Management LLC lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 17.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,720 shares of the company's stock after purchasing an additional 3,103 shares during the period. Sendero Wealth Management LLC's holdings in Howmet Aerospace were worth $2,688,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace during the 4th quarter valued at about $25,000. Meeder Asset Management Inc. boosted its position in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace during the fourth quarter valued at approximately $25,000. R Squared Ltd bought a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $26,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth $29,000. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HWM. Truist Financial dropped their target price on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Benchmark boosted their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Morgan Stanley upped their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $132.53.

Howmet Aerospace Price Performance

Shares of HWM traded up $1.11 during mid-day trading on Thursday, hitting $175.05. 1,983,762 shares of the company traded hands, compared to its average volume of 2,712,161. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $70.66 billion, a price-to-earnings ratio of 62.07, a PEG ratio of 1.92 and a beta of 1.37. The business has a 50-day moving average of $144.63 and a 200 day moving average of $130.15. Howmet Aerospace Inc. has a one year low of $76.83 and a one year high of $176.45.

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, beating 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 company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the firm earned $0.53 EPS. The business's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Insider Transactions at Howmet Aerospace

In other news, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was 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 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 available through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction dated 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 approximately $3,575,737.48. This trade represents a 5.15% 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 worth $130,517,863 in the last quarter. 1.04% of the stock is owned by company insiders.

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.