Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 10.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,410 shares of the company’s stock after purchasing an additional 1,418 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Howmet Aerospace were worth $1,999,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. increased its holdings in Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace during the fourth quarter worth $25,000. Washington Trust Advisors Inc. purchased a new position in Howmet Aerospace during the fourth quarter valued at $29,000. Finally, GPS Wealth Strategies Group LLC grew its position in shares of Howmet Aerospace by 114.6% in the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock valued at $34,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling at Howmet Aerospace

In other news, 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 transaction, the chief executive officer now directly owns 236,544 shares in the company, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the completion of the sale, the executive vice president now owns 131,859 shares of the company’s stock, valued at $20,903,607.27. This trade represents a 18.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 831,250 shares of company stock worth $130,517,863 over the last quarter. 1.04% of the stock is currently owned by company insiders.

Howmet Aerospace Stock Down 0.4%

NYSE HWM opened at $170.91 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $177.25. The business’s fifty day simple moving average is $151.46 and its 200-day simple moving average is $132.83. The firm has a market cap of $68.99 billion, a PE ratio of 60.61, a P/E/G ratio of 1.92 and a beta of 1.44.

Howmet Aerospace (NYSE:HWM) 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 15.55% and a return on equity of 25.74%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business posted $0.53 EPS. Howmet Aerospace’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders 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 annualized dividend and a yield of 0.23%. Howmet Aerospace’s dividend payout ratio (DPR) is 13.03%.

Wall Street Analyst Weigh In

HWM has been the subject of several research analyst reports. Benchmark upped their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Morgan Stanley boosted their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. UBS Group raised their target price on Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Royal Bank of Canada boosted their price target on Howmet Aerospace from $165.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, June 9th. Finally, Truist Financial raised their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the company a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $137.88.

Howmet Aerospace Company Profile

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.