Accurate Wealth Management LLC Increases Position in Howmet Aerospace Inc. (NYSE:HWM)

Accurate Wealth Management LLC boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 6.7% during the first quarter, Holdings Channel.com reports. The firm owned 2,543 shares of the company’s stock after acquiring an additional 160 shares during the quarter. Accurate Wealth Management LLC’s holdings in Howmet Aerospace were worth $319,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HWM. Brighton Jones LLC grew its holdings in Howmet Aerospace by 5.4% in the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares during the period. Apollon Wealth Management LLC grew its holdings in shares of Howmet Aerospace by 40.4% during the fourth quarter. Apollon Wealth Management LLC now owns 9,049 shares of the company’s stock valued at $990,000 after buying an additional 2,602 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Howmet Aerospace by 39.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 6,932 shares of the company’s stock valued at $758,000 after buying an additional 1,970 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of Howmet Aerospace by 10.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 9,812 shares of the company’s stock valued at $1,073,000 after buying an additional 963 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in shares of Howmet Aerospace by 0.8% during the fourth quarter. Savant Capital LLC now owns 27,583 shares of the company’s stock valued at $3,017,000 after buying an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 1.3%

Shares of Howmet Aerospace stock opened at $170.84 on Thursday. The company’s fifty day simple moving average is $149.22 and its 200-day simple moving average is $132.08. The stock has a market capitalization of $68.96 billion, a PE ratio of 60.58, a P/E/G ratio of 1.92 and a beta of 1.44. Howmet Aerospace Inc. has a 1-year low of $76.83 and a 1-year high of $177.25. 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 (NYSE:HWM) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. The business 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 company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 EPS. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

HWM has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Howmet Aerospace from $165.00 to $200.00 and gave the company an “outperform” rating in a report on Monday. Morgan Stanley increased their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. UBS Group increased their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Barclays increased their price target 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. Finally, Wells Fargo & Company increased their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an “equal weight” rating in a 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.59.

Insider Activity at Howmet Aerospace

In related news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the transaction, the chief executive officer now owns 236,544 shares in the company, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction 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 transaction, the executive vice president now owns 131,859 shares in the company, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 831,250 shares of company stock worth $130,517,863. 1.04% of the stock is owned by corporate insiders.

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.