IAM Advisory LLC Boosts Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

IAM Advisory LLC grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 2.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,058 shares of the company’s stock after buying an additional 187 shares during the period. IAM Advisory LLC’s holdings in Howmet Aerospace were worth $916,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HWM. Norges Bank bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $1,001,558,000. JPMorgan Chase & Co. lifted its stake in Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after acquiring an additional 2,486,649 shares during the period. Winslow Capital Management LLC acquired a new stake in Howmet Aerospace during the 4th quarter valued at approximately $265,844,000. GAMMA Investing LLC lifted its stake in Howmet Aerospace by 15,741.8% during the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company’s stock valued at $1,723,040,000 after acquiring an additional 1,319,792 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Howmet Aerospace by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock valued at $1,197,315,000 after purchasing an additional 1,026,130 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Up 0.2%

Shares of NYSE:HWM 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 firm has a market capitalization of $70.79 billion, a PE ratio of 62.19, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The firm’s 50-day moving average is $146.40 and its two-hundred day moving average is $130.98. Howmet Aerospace Inc. has a 1 year low of $76.83 and a 1 year high of $177.25.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

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

Insider Buying and Selling at Howmet Aerospace

In related news, CEO John C. Plant sold 800,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 236,544 shares of the company’s stock, valued at $37,127,946.24. This trade represents a 77.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction 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 directly owns 23,044 shares of the company’s stock, valued at approximately $3,575,737.48. This represents a 5.15% 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 worth $130,517,863 over the last three months. Insiders own 1.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HWM shares. Barclays lifted their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. BTIG Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Benchmark lifted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Truist Financial lowered their price target 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. Finally, UBS Group boosted their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, 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.