Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Silver Oak Securities Incorporated

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

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Howmet Aerospace by 5.4% in the 4th 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. Proficio Capital Partners LLC acquired a new position in Howmet Aerospace in the 4th quarter valued at about $223,000. Fisher Asset Management LLC acquired a new position in Howmet Aerospace in the 4th quarter valued at about $243,000. SRS Capital Advisors Inc. boosted its holdings in Howmet Aerospace by 98.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 610 shares of the company's stock valued at $67,000 after purchasing an additional 302 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Howmet Aerospace by 235.9% in the 4th quarter. Jones Financial Companies Lllp now owns 13,367 shares of the company's stock valued at $1,462,000 after purchasing an additional 9,388 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a 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 report on Thursday, June 12th. Benchmark upped their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Finally, 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 report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus target price of $142.13.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction on 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 completion of the sale, the executive vice president directly owned 131,859 shares of the company's stock, valued at approximately $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 on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the sale, the vice president directly owned 23,044 shares of the company's stock, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 831,250 shares of company stock valued at $130,517,863. Corporate insiders own 1.12% of the company's stock.

Howmet Aerospace Trading Up 2.6%

Shares of HWM stock traded up $4.64 during mid-day trading on Friday, reaching $180.59. The company's stock had a trading volume of 1,766,373 shares, compared to its average volume of 2,805,778. The company's 50 day simple moving average is $166.68 and its 200-day simple moving average is $139.28. Howmet Aerospace Inc. has a 12-month low of $77.22 and a 12-month high of $187.51. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $72.90 billion, a PE ratio of 58.82, a price-to-earnings-growth ratio of 2.73 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm posted $0.53 EPS. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS 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 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's dividend payout ratio is presently 13.03%.

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.