Curated Wealth Partners LLC Acquires 99 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Curated Wealth Partners LLC boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,510 shares of the company’s stock after acquiring an additional 99 shares during the quarter. Curated Wealth Partners LLC’s holdings in Howmet Aerospace were worth $326,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at $25,000. Meeder Asset Management Inc. lifted its position in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Howmet Aerospace in the fourth quarter valued at approximately $25,000. Washington Trust Advisors Inc. purchased a new position in Howmet Aerospace in the fourth quarter worth $29,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Howmet Aerospace during the fourth quarter worth $30,000. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was 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 directly owns 236,544 shares in the company, valued at $37,127,946.24. This represents a 77.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace 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 transaction, the vice president now owns 23,044 shares in the company, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 831,250 shares of company stock worth $130,517,863. 1.04% of the stock is owned by insiders.

Howmet Aerospace Stock Down 1.4%

HWM opened at $172.88 on Tuesday. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $177.25. 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 50-day moving average price of $147.18 and a 200 day moving average price of $131.55. The company has a market cap of $69.79 billion, a PE ratio of 61.31, a price-to-earnings-growth ratio of 1.92 and a beta of 1.44.

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

Howmet Aerospace Dividend Announcement

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 $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Friday, May 9th. Howmet Aerospace’s dividend payout ratio is currently 13.03%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HWM. Benchmark upped their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, April 21st. The Goldman Sachs Group upped their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. UBS Group upped their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Finally, Northcoast Research upgraded Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $134.59.

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.