SOA Wealth Advisors LLC. Purchases Shares of 10,071 Howmet Aerospace Inc. (NYSE:HWM)

SOA Wealth Advisors LLC. acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,071 shares of the company's stock, valued at approximately $1,307,000.

Other large investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace during the 4th quarter worth $25,000. Meeder Asset Management Inc. lifted its position in shares of 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 last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Howmet Aerospace during the fourth quarter worth about $25,000. Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace in the fourth quarter worth about $29,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Howmet Aerospace in the fourth quarter valued at about $30,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Shares of HWM traded down $2.49 during midday trading on Monday, reaching $172.88. The stock had a trading volume of 2,277,530 shares, compared to its average volume of 2,715,765. 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 company has a market capitalization of $69.79 billion, a P/E ratio of 61.31, a P/E/G ratio of 1.92 and a beta of 1.44. The firm's 50 day moving average price is $146.40 and its 200-day moving average price is $131.17. 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 posted its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business posted $0.53 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.23%. Howmet Aerospace's dividend payout ratio is 13.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HWM shares. UBS Group boosted their price target on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. boosted their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Truist Financial reduced their price target on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Morgan Stanley lifted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, Barclays increased their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.59.

Insider Activity at Howmet Aerospace

In other news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the executive vice president now owns 131,859 shares in the company, valued at $20,903,607.27. This represents a 18.53% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.04% of the company's stock.

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.