Strategic Advocates LLC Acquires New Shares in Howmet Aerospace Inc. (NYSE:HWM)

Key Points

• Strategic Advocates LLC has acquired 8,457 shares of Howmet Aerospace, valued at approximately $1,097,000, indicating growing institutional interest in the company.
• Howmet Aerospace's recent earnings report showed an EPS of $0.91, surpassing estimates and demonstrating a year-over-year revenue growth of 9.2%.
• The company's quarterly dividend was increased from $0.10 to $0.12, reflecting confidence in its financial stability and a low payout ratio of 15.64%.

Strategic Advocates LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,457 shares of the company's stock, valued at approximately $1,097,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. increased 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 acquiring an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Howmet Aerospace in the 4th quarter valued at $25,000. Kapitalo Investimentos Ltda acquired a new position in Howmet Aerospace in the 4th quarter worth $30,000. GPS Wealth Strategies Group LLC increased its holdings in Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after purchasing an additional 141 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in Howmet Aerospace during the 1st quarter worth about $37,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Susquehanna boosted their target price on Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research note on Monday, July 14th. Wall Street Zen downgraded Howmet Aerospace from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Vertical Research reiterated a "buy" rating on shares of Howmet Aerospace in a report on Thursday. Finally, Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $150.44.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the business'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 directly owned 131,859 shares of the company's stock, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction on 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 owned 23,044 shares in the company, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 over the last three months. Insiders own 1.04% of the company's stock.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $180.02 on Friday. The company has a fifty day moving average price of $177.97 and a two-hundred day moving average price of $148.69. Howmet Aerospace Inc. has a one year low of $85.39 and a one year high of $193.26. The stock has a market cap of $72.67 billion, a P/E ratio of 58.64, a P/E/G ratio of 2.82 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.99 billion. During the same period in the prior year, the firm earned $0.67 EPS. Howmet Aerospace's quarterly revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 8th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Howmet Aerospace's payout ratio is 15.64%.

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.

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