Focus Partners Wealth Grows Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Focus Partners Wealth increased its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,423 shares of the company's stock after buying an additional 1,548 shares during the period. Focus Partners Wealth's holdings in Howmet Aerospace were worth $1,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Private Trust Co. NA raised its position in shares of Howmet Aerospace by 28.0% in the 4th quarter. Private Trust Co. NA now owns 407 shares of the company's stock worth $45,000 after acquiring an additional 89 shares in the last quarter. O Neil Global Advisors Inc. raised its holdings in Howmet Aerospace by 0.5% in the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock worth $2,136,000 after purchasing an additional 90 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Howmet Aerospace by 6.1% during the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock valued at $183,000 after buying an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC boosted its holdings in shares of Howmet Aerospace by 0.7% in the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock valued at $1,644,000 after buying an additional 100 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. grew its position in shares of Howmet Aerospace by 1.4% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock worth $838,000 after buying an additional 104 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 other news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction 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 owns 236,544 shares in the company, valued at $37,127,946.24. The trade was a 77.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the business's 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 transaction, the vice president now 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is owned by insiders.

Howmet Aerospace Price Performance

Shares of HWM stock traded down $1.30 during mid-day trading on Tuesday, hitting $164.94. 1,836,054 shares of the stock were exchanged, compared to its average volume of 2,695,859. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $166.62. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company has a market cap of $66.58 billion, a PE ratio of 58.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The firm has a fifty day moving average of $135.65 and a 200 day moving average of $125.61.

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 (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm posted $0.53 earnings per share. The company's revenue was up 5.5% compared to the same quarter last year. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's payout ratio is 13.03%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HWM shares. Truist Financial lowered their target price on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group boosted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Wells Fargo & Company increased their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Benchmark increased their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $132.53.

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.