Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by Westend Capital Management LLC

Westend Capital Management LLC raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 93,089.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,756 shares of the company's stock after acquiring an additional 71,679 shares during the period. Howmet Aerospace makes up 3.5% of Westend Capital Management LLC's investment portfolio, making the stock its 14th biggest holding. Westend Capital Management LLC's holdings in Howmet Aerospace were worth $9,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in Howmet Aerospace by 335.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 513,101 shares of the company's stock valued at $67,616,000 after acquiring an additional 395,402 shares during the last quarter. Vista Investment Partners II LLC acquired a new position in Howmet Aerospace during the 1st quarter worth approximately $205,000. Kessler Investment Group LLC acquired a new position in Howmet Aerospace during the 1st quarter worth approximately $5,824,000. Mirae Asset Global Investments Co. Ltd. increased its position in Howmet Aerospace by 11.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 62,851 shares of the company's stock worth $8,151,000 after purchasing an additional 6,668 shares during the period. Finally, Cavalier Investments LLC increased its position in Howmet Aerospace by 97.8% during the 1st quarter. Cavalier Investments LLC now owns 135,311 shares of the company's stock worth $17,554,000 after purchasing an additional 66,913 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace 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 now owns 131,859 shares in the company, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president now owns 23,044 shares in the company, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 831,250 shares of company stock worth $130,517,863. 1.12% of the stock is owned by insiders.

Howmet Aerospace Price Performance

Shares of HWM traded up $8.22 on Friday, reaching $185.07. The stock had a trading volume of 23,826,568 shares, compared to its average volume of 2,779,244. The firm has a 50-day moving average of $161.55 and a 200 day moving average of $136.92. The firm has a market capitalization of $74.71 billion, a PE ratio of 62.05, a PEG ratio of 2.80 and a beta of 1.44. 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 Inc. has a twelve month low of $76.85 and a twelve month high of $185.52.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced 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. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. Howmet Aerospace's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. Sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

Analyst Ratings Changes

Several research firms have issued reports on HWM. Royal Bank Of Canada boosted their target price on Howmet Aerospace from $165.00 to $200.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Benchmark boosted their target price on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Truist Financial boosted their target price on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, Wells Fargo & Company boosted their target price on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus target price of $142.13.

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.