5,065 Shares in Howmet Aerospace Inc. (NYSE:HWM) Purchased by Strategy Asset Managers LLC

Key Points

• Strategy Asset Managers LLC has purchased 5,065 shares of Howmet Aerospace Inc. valued at approximately $657,000 in the first quarter.
• After significant share sales by executives, including CEO John C. Plant who sold 800,000 shares, insider ownership has decreased to only 1.12% of total shares.
• Howmet Aerospace has raised its quarterly dividend from $0.10 to $0.12 per share, indicating a 0.3% dividend yield with a total annualized dividend of $0.48.

Strategy Asset Managers LLC acquired a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,065 shares of the company's stock, valued at approximately $657,000.

Other institutional investors have also bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new position in shares of Howmet Aerospace during the 4th quarter valued at about $25,000. Kapitalo Investimentos Ltda acquired a new stake in Howmet Aerospace during the fourth quarter valued at approximately $30,000. Hemington Wealth Management boosted its holdings in Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after buying an additional 81 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in Howmet Aerospace by 114.6% during the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after buying an additional 141 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Howmet Aerospace by 100.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock worth $36,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Down 0.5%

HWM traded down $0.91 during trading on Friday, reaching $180.67. 1,588,243 shares of the stock traded hands, compared to its average volume of 2,884,757. The stock's 50-day simple moving average is $179.54 and its two-hundred day simple moving average is $151.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. Howmet Aerospace Inc. has a fifty-two week low of $90.71 and a fifty-two week high of $193.26. The stock has a market cap of $72.83 billion, a price-to-earnings ratio of 52.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the company earned $0.67 EPS. The firm's revenue was up 9.2% on a year-over-year basis. As a group, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.12 per share. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date is Friday, August 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace's dividend payout ratio (DPR) is currently 11.70%.

Insider Buying and Selling at Howmet Aerospace

In related 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 value of $4,755,900.00. Following the completion of the sale, the executive vice president directly owned 131,859 shares in the company, 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 document filed with the SEC, which is accessible through this link. Also, CEO John C. Plant sold 800,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the transaction, the chief executive officer owned 236,544 shares in the company, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HWM. Benchmark upped their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Bank of America raised their target price on shares of Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday. UBS Group boosted their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Truist Financial lifted their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

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.