Silver Oak Securities Incorporated Sells 3,080 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Silver Oak Securities Incorporated reduced its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 21.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,617 shares of the company's stock after selling 3,080 shares during the quarter. Silver Oak Securities Incorporated's holdings in Howmet Aerospace were worth $1,507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Howmet Aerospace by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock worth $5,153,220,000 after buying an additional 352,256 shares during the period. JPMorgan Chase & Co. raised its stake in Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Howmet Aerospace by 0.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock valued at $1,445,210,000 after purchasing an additional 80,972 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Howmet Aerospace by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after purchasing an additional 1,026,130 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Howmet Aerospace by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock worth $1,070,267,000 after purchasing an additional 308,574 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the business'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 $3,575,737.48. The trade was a 5.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $4,755,900.00. Following the transaction, the executive vice president now directly owns 131,859 shares in the company, valued at approximately $20,903,607.27. This trade 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 sold 831,250 shares of company stock worth $130,517,863. 1.04% of the stock is currently owned by insiders.

Howmet Aerospace Trading Down 1.1%

HWM opened at $170.16 on Thursday. The stock has a 50-day moving average of $154.32 and a 200 day moving average of $133.95. 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 Inc. has a 12 month low of $76.83 and a 12 month high of $177.25. The firm has a market cap of $68.69 billion, a P/E ratio of 55.43, a P/E/G ratio of 2.60 and a beta of 1.44.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its 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 firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. As a group, research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The company 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 0.24%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's dividend payout ratio is currently 13.03%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HWM shares. UBS Group lifted their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Benchmark boosted their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the company 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 note on Wednesday, April 9th. Morgan Stanley increased their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company upped their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $142.13.

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.

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