Thurston Springer Miller Herd & Titak Inc. Acquires 400 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 38.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,430 shares of the company’s stock after purchasing an additional 400 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Howmet Aerospace were worth $186,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its holdings 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 worth $1,014,000 after purchasing an additional 5,664 shares during the period. Proficio Capital Partners LLC purchased a new position in Howmet Aerospace during the 4th quarter valued at about $223,000. Vontobel Holding Ltd. raised its position in Howmet Aerospace by 8.9% during the 4th 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. Wellington Management Group LLP lifted its holdings in Howmet Aerospace by 236.6% in the 4th quarter. Wellington Management Group LLP now owns 9,816 shares of the company’s stock worth $1,074,000 after buying an additional 6,900 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Howmet Aerospace by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after buying an additional 1,336,592 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Transactions at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was 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 $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the completion of the sale, the chief executive officer now owns 236,544 shares in the company, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 831,250 shares of company stock worth $130,517,863. Insiders own 1.04% of the company’s stock.

Howmet Aerospace Stock Performance

HWM stock opened at $175.37 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The business has a 50-day moving average price of $146.40 and a 200 day moving average price of $130.98. The company has a market capitalization of $70.79 billion, a P/E ratio of 62.19, a PEG ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a 1-year low of $76.83 and a 1-year high of $177.25.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. As a group, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on HWM shares. Wells Fargo & Company raised their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Truist Financial decreased their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Barclays upped their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley upped their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price 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.