Sonora Investment Management Group LLC Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Sonora Investment Management Group LLC bought a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,572 shares of the company's stock, valued at approximately $204,000.

Other institutional investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new stake in Howmet Aerospace during the fourth quarter worth approximately $25,000. Meeder Asset Management Inc. increased its stake in shares of Howmet Aerospace by 208.1% during the 4th 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 acquired a new position in Howmet Aerospace in the 4th quarter valued at $25,000. Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace in the 4th quarter worth $29,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Howmet Aerospace in the 4th quarter worth $30,000. Institutional investors own 90.46% of the company's stock.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the company'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 sale, the executive vice president now owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the sale, the chief executive officer now directly owns 236,544 shares in the company, valued at $37,127,946.24. This trade represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on HWM. The Goldman Sachs Group increased their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Truist Financial increased their price target on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday. Barclays increased their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, UBS Group raised their target price 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. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.88.

Howmet Aerospace Price Performance

NYSE:HWM traded down $0.61 during mid-day trading 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 stock has a 50-day simple moving average of $151.46 and a two-hundred day simple moving average of $132.83. The stock has a market capitalization of $68.99 billion, a PE ratio of 60.61, a P/E/G ratio of 1.92 and a beta of 1.44. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $177.25.

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

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.23%. Howmet Aerospace's 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.