Howmet Aerospace Inc. (NYSE:HWM) Stock Holdings Lifted by Wedmont Private Capital

Wedmont Private Capital lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 9.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 8,482 shares of the company’s stock after buying an additional 754 shares during the quarter. Wedmont Private Capital’s holdings in Howmet Aerospace were worth $1,066,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Private Trust Co. NA lifted its position in Howmet Aerospace by 28.0% in the 4th quarter. Private Trust Co. NA now owns 407 shares of the company’s stock valued at $45,000 after purchasing an additional 89 shares during the last quarter. O Neil Global Advisors Inc. lifted its position in Howmet Aerospace by 0.5% in the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock valued at $2,136,000 after purchasing an additional 90 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Howmet Aerospace by 4.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company’s stock valued at $256,000 after purchasing an additional 92 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in 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 purchasing an additional 100 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. lifted its position in Howmet Aerospace by 1.4% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock valued at $838,000 after purchasing an additional 104 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on HWM shares. Truist Financial cut their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Morgan Stanley lifted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Barclays boosted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.53.

Howmet Aerospace Stock Performance

Shares of HWM opened at $175.37 on Monday. The firm’s 50 day moving average is $146.40 and its 200-day moving average is $131.17. The stock has a market capitalization of $70.79 billion, a P/E ratio of 62.19, a P/E/G ratio of 1.92 and a beta of 1.44. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 12-month low of $76.83 and a 12-month high of $177.25.

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

Howmet Aerospace Announces Dividend

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

Insider Transactions at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction that occurred 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 transaction, the vice president now directly owns 23,044 shares of the company’s stock, valued at $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 236,544 shares in the company, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 831,250 shares of company stock valued at $130,517,863 in the last quarter. Insiders own 1.04% of the company’s stock.

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.