Strategic Blueprint LLC Makes New $293,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

Strategic Blueprint LLC acquired a new stake in 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 institutional investor acquired 2,256 shares of the company's stock, valued at approximately $293,000.

Several other hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. lifted its holdings in 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 buying an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $25,000. GPS Wealth Strategies Group LLC increased its position in Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after acquiring an additional 141 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in Howmet Aerospace during the 4th quarter worth approximately $30,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HWM has been the topic of a number of recent analyst reports. UBS Group increased their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Truist Financial raised their target price 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 boosted their target price on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Wells Fargo & Company upped their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.13.

Howmet Aerospace Price Performance

Shares of HWM stock traded up $0.25 on Wednesday, reaching $179.71. The company's stock had a trading volume of 244,063 shares, compared to its average volume of 3,102,882. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock's fifty day simple moving average is $168.40 and its 200-day simple moving average is $140.25. The company has a market capitalization of $72.55 billion, a price-to-earnings ratio of 58.54, a price-to-earnings-growth ratio of 2.72 and a beta of 1.43. Howmet Aerospace Inc. has a 1 year low of $77.22 and a 1 year high of $187.51.

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 return on equity of 27.25% and a net margin of 16.64%. 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 prior year, the firm earned $0.53 earnings per share. Howmet Aerospace's revenue for the quarter was up 5.5% on a year-over-year basis. Analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were given a dividend of $0.10 per share. The ex-dividend date was Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.22%. Howmet Aerospace's dividend payout ratio is presently 13.03%.

Insider Buying and Selling at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction 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 sale, the executive vice president owned 131,859 shares of the company's stock, valued at $20,903,607.27. This trade represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John C. Plant sold 800,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 236,544 shares in the company, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 831,250 shares of company stock worth $130,517,863. 1.12% of the stock is owned by insiders.

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.