U.S. Capital Wealth Advisors LLC Purchases 1,743 Shares of Howmet Aerospace Inc. (NYSE:HWM)

U.S. Capital Wealth Advisors LLC grew its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,556 shares of the company's stock after buying an additional 1,743 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Howmet Aerospace were worth $9,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its stake in shares of Howmet Aerospace by 5.4% during the fourth 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. Proficio Capital Partners LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $223,000. Steward Partners Investment Advisory LLC increased its stake in shares of Howmet Aerospace by 156.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company's stock valued at $1,014,000 after acquiring an additional 5,664 shares during the period. Keybank National Association OH increased its stake in shares of Howmet Aerospace by 8.6% during the fourth quarter. Keybank National Association OH now owns 7,350 shares of the company's stock valued at $804,000 after acquiring an additional 585 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Howmet Aerospace by 69.4% during the fourth quarter. Assetmark Inc. now owns 747 shares of the company's stock valued at $82,000 after acquiring an additional 306 shares during the period. Institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HWM shares. Truist Financial lifted their price target 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. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, UBS Group lifted their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $142.13.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John C. Plant sold 800,000 shares of Howmet Aerospace 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 completion of the sale, the chief executive officer directly owned 236,544 shares of the company's stock, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 831,250 shares of company stock valued at $130,517,863. Insiders own 1.12% of the company's stock.

Howmet Aerospace Stock Down 0.4%

Shares of NYSE:HWM traded down $0.66 during trading on Monday, reaching $180.40. 2,865,134 shares of the company traded hands, compared to its average volume of 2,806,013. The firm has a fifty day simple moving average of $166.68 and a 200 day simple moving average of $139.49. The firm has a market cap of $72.82 billion, a P/E ratio of 58.76, a price-to-earnings-growth ratio of 2.73 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. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business earned $0.53 EPS. Howmet Aerospace's quarterly revenue was up 5.5% compared to the same quarter last year. Analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's payout ratio 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.