Simon Quick Advisors LLC Acquires Shares of 3,707 Howmet Aerospace Inc. (NYSE:HWM)

Simon Quick Advisors LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,707 shares of the company's stock, valued at approximately $481,000.

Several other institutional investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC increased its stake in shares of Howmet Aerospace by 126.1% in the 1st quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock worth $3,140,000 after acquiring an additional 13,500 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Howmet Aerospace by 156.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company's stock valued at $1,014,000 after purchasing an additional 5,664 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Howmet Aerospace during the fourth quarter valued at approximately $223,000. Vontobel Holding Ltd. increased 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 worth $462,000 after purchasing an additional 346 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Howmet Aerospace by 236.6% in the fourth quarter. Wellington Management Group LLP now owns 9,816 shares of the company's stock worth $1,074,000 after purchasing an additional 6,900 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Down 0.4%

Shares of HWM traded down $0.61 during trading hours on Friday, reaching $170.91. The stock had a trading volume of 2,418,162 shares, compared to its average volume of 2,726,426. The firm has a 50-day simple moving average of $151.46 and a 200 day simple moving average of $132.94. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $177.25. 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 company has a market capitalization of $68.99 billion, a price-to-earnings ratio of 60.61, a P/E/G ratio of 1.92 and a beta of 1.44.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share 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 firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share 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 given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.23%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's dividend payout ratio is currently 13.03%.

Insider Buying and Selling at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the transaction, the vice president now owns 23,044 shares of the company's stock, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $156.96, for a total value of $125,568,000.00. Following the transaction, the chief executive officer now directly owns 236,544 shares in the company, valued at $37,127,946.24. The trade was a 77.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Truist Financial increased their target price on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday. The Goldman Sachs Group raised their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Barclays lifted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Four 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 a consensus rating of "Moderate Buy" and an average target price of $142.13.

Howmet Aerospace Company 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.