United Advisor Group LLC Decreases Stake in Howmet Aerospace Inc. (NYSE:HWM)

United Advisor Group LLC lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 64.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,029 shares of the company's stock after selling 3,601 shares during the quarter. United Advisor Group LLC's holdings in Howmet Aerospace were worth $263,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HWM. Brighton Jones LLC grew its position in shares of Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock valued at $279,000 after acquiring an additional 130 shares during the period. Vontobel Holding Ltd. lifted its stake in Howmet Aerospace by 8.9% in the fourth quarter. Vontobel Holding Ltd. now owns 4,222 shares of the company's stock valued at $462,000 after purchasing an additional 346 shares during the last quarter. Principal Securities Inc. lifted its stake in Howmet Aerospace by 23.9% in the fourth quarter. Principal Securities Inc. now owns 6,872 shares of the company's stock valued at $752,000 after purchasing an additional 1,325 shares during the last quarter. Allworth Financial LP grew its holdings in Howmet Aerospace by 47.6% during the fourth quarter. Allworth Financial LP now owns 1,959 shares of the company's stock valued at $214,000 after purchasing an additional 632 shares during the period. Finally, Sanctuary Advisors LLC increased its position in Howmet Aerospace by 6.7% in the fourth quarter. Sanctuary Advisors LLC now owns 31,423 shares of the company's stock worth $3,437,000 after buying an additional 1,963 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Activity at Howmet Aerospace

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 value of $4,755,900.00. Following the completion of the sale, the executive vice president now owns 131,859 shares in the company, valued at $20,903,607.27. The trade was a 18.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 over the last 90 days. 1.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HWM shares. Benchmark upped their price target on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Wells Fargo & Company upped their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Royal Bank Of Canada lifted their target price on shares of Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Finally, Truist Financial upped 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, June 12th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $142.13.

Howmet Aerospace Price Performance

NYSE HWM traded up $2.83 during trading on Friday, reaching $173.06. The company's stock had a trading volume of 4,528,413 shares, compared to its average volume of 2,719,113. The firm has a fifty day moving average of $156.18 and a 200 day moving average of $134.78. Howmet Aerospace Inc. has a one year low of $76.83 and a one year high of $177.25. The stock has a market capitalization of $69.86 billion, a PE ratio of 56.37, a P/E/G ratio of 2.62 and a beta of 1.44. 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 posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the business earned $0.53 earnings per share. Howmet Aerospace's revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were given a $0.10 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.23%. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

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.