Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,612 shares of the company’s stock after buying an additional 164 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Howmet Aerospace were worth $2,025,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC lifted its position in shares of Howmet Aerospace by 5.4% in the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock valued at $279,000 after acquiring an additional 130 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Howmet Aerospace by 267.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 463 shares of the company’s stock worth $51,000 after purchasing an additional 337 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Howmet Aerospace by 7.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 38,132 shares of the company’s stock worth $4,170,000 after purchasing an additional 2,806 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Howmet Aerospace by 236.6% during the fourth quarter. Wellington Management Group LLP now owns 9,816 shares of the company’s stock worth $1,074,000 after buying an additional 6,900 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Howmet Aerospace by 208.1% in 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. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO John C. Plant sold 800,000 shares of the firm’s stock in a transaction dated 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 directly owned 236,544 shares in the company, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the transaction, the vice president owned 23,044 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders have sold 831,250 shares of company stock worth $130,517,863. 1.04% of the stock is currently owned by corporate insiders.

Howmet Aerospace Trading Up 1.8%

NYSE:HWM opened at $192.64 on Thursday. The firm has a market capitalization of $77.76 billion, a PE ratio of 62.75, a price-to-earnings-growth ratio of 2.78 and a beta of 1.43. Howmet Aerospace Inc. has a 12 month low of $85.39 and a 12 month high of $193.26. The business’s 50-day moving average is $177.62 and its two-hundred day moving average is $148.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, August 8th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.10. Howmet Aerospace’s payout ratio is 13.03%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Susquehanna raised their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock a “positive” rating in a research report on Monday, July 14th. Benchmark raised their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Truist Financial increased their target price on Howmet Aerospace from $161.00 to $192.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. Royal Bank Of Canada reissued an “outperform” rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Finally, Wells Fargo & Company lifted their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $150.44.

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.