Five Oceans Advisors Invests $233,000 in Howmet Aerospace Inc. (NYSE:HWM)

Five Oceans Advisors bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,798 shares of the company’s stock, valued at approximately $233,000.

Several other institutional investors also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at about $25,000. Meeder Asset Management Inc. boosted its stake 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 buying an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Howmet Aerospace during the fourth quarter valued at approximately $25,000. Washington Trust Advisors Inc. purchased a new position in Howmet Aerospace during the 4th quarter valued at approximately $29,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock valued at $34,000 after buying an additional 141 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HWM shares. Wells Fargo & Company increased their target price on Howmet Aerospace from $118.00 to $145.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Truist Financial upped their price target on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. The Goldman Sachs Group increased their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. UBS Group boosted their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Finally, Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $142.13.

Howmet Aerospace Trading Up 0.2%

HWM opened at $171.55 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The stock’s 50 day moving average price is $152.61 and its 200-day moving average price is $133.43. Howmet Aerospace Inc. has a one year low of $76.83 and a one year high of $177.25. The stock has a market cap of $69.25 billion, a price-to-earnings ratio of 60.83, a P/E/G ratio of 1.92 and a beta of 1.44.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The company 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%. Howmet Aerospace’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. On average, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

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

Insider Buying and Selling

In related news, CEO John C. Plant sold 800,000 shares of the business’s stock in a transaction that occurred 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 owns 236,544 shares in the company, valued at approximately $37,127,946.24. The trade was 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 accessible through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm’s 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 $3,575,737.48. The trade was 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 valued at $130,517,863 in the last 90 days. Company 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.