Howmet Aerospace Inc. (NYSE:HWM) is Verde Servicos Internacionais S.A.'s 5th Largest Position

Verde Servicos Internacionais S.A. lowered its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 14.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,437 shares of the company's stock after selling 16,758 shares during the period. Howmet Aerospace accounts for 7.3% of Verde Servicos Internacionais S.A.'s investment portfolio, making the stock its 5th largest holding. Verde Servicos Internacionais S.A.'s holdings in Howmet Aerospace were worth $12,770,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HWM. Norges Bank acquired a new stake in shares of Howmet Aerospace in the 4th quarter worth $1,001,558,000. JPMorgan Chase & Co. lifted its stake in shares of Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares during the period. Winslow Capital Management LLC acquired a new stake in shares of Howmet Aerospace in the 4th quarter worth $265,844,000. GAMMA Investing LLC lifted its stake in shares of Howmet Aerospace by 15,741.8% in the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock worth $1,723,040,000 after acquiring an additional 1,319,792 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Howmet Aerospace by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after acquiring an additional 1,026,130 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

HWM has been the subject of several recent analyst reports. Benchmark raised their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Truist Financial raised their price objective 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. Wells Fargo & Company raised their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, UBS Group raised their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and an average price target of $142.13.

Insider Transactions at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares in the company, valued at $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction dated 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 now owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock worth $130,517,863 over the last ninety days. 1.04% of the stock is currently owned by corporate insiders.

Howmet Aerospace Price Performance

NYSE:HWM traded up $0.88 during mid-day trading on Thursday, hitting $176.96. 4,389,116 shares of the company's stock traded hands, compared to its average volume of 2,710,011. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30. The firm's 50 day simple moving average is $160.31 and its 200 day simple moving average is $136.29. Howmet Aerospace Inc. has a 1 year low of $76.83 and a 1 year high of $179.22. The company has a market cap of $71.43 billion, a PE ratio of 57.64, a price-to-earnings-growth ratio of 2.66 and a beta of 1.44.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share 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 firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm posted $0.53 EPS. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.23%. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

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.