SG Americas Securities LLC Trims Holdings in Howmet Aerospace Inc. (NYSE:HWM)

SG Americas Securities LLC lowered its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,940 shares of the company's stock after selling 29,900 shares during the period. SG Americas Securities LLC's holdings in Howmet Aerospace were worth $21,917,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. lifted its holdings in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $25,000. Washington Trust Advisors Inc. bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Buying and Selling

In other news, VP Barbara Lou Shultz sold 1,250 shares of the 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 transaction, the vice president now owns 23,044 shares in the company, valued at $3,575,737.48. This represents a 5.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was 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 in the company, valued at $20,903,607.27. This trade represents a 18.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock worth $130,517,863 in the last quarter. Corporate insiders own 1.04% of the company's stock.

Howmet Aerospace Trading Up 0.4%

Howmet Aerospace stock traded up $0.63 during mid-day trading on Thursday, reaching $171.37. 2,280,614 shares of the company traded hands, compared to its average volume of 2,734,194. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The firm's 50 day moving average price is $150.34 and its 200 day moving average price is $132.46. The firm has a market capitalization of $69.18 billion, a price-to-earnings ratio of 60.77, a P/E/G ratio of 1.92 and a beta of 1.44. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $177.25.

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

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors 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 was Friday, May 9th. Howmet Aerospace's payout ratio is 13.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Truist Financial boosted their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday. Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a report on Monday. Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $137.88.

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.