Romano Brothers AND Company Reduces Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Romano Brothers AND Company lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 17.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,157 shares of the company’s stock after selling 450 shares during the period. Romano Brothers AND Company’s holdings in Howmet Aerospace were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of HWM. Steward Partners Investment Advisory LLC boosted its holdings in shares of Howmet Aerospace by 156.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company’s stock valued at $1,014,000 after acquiring an additional 5,664 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at $223,000. Vontobel Holding Ltd. boosted its holdings in shares of Howmet Aerospace by 8.9% in the 4th quarter. Vontobel Holding Ltd. now owns 4,222 shares of the company’s stock valued at $462,000 after acquiring an additional 346 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Howmet Aerospace by 236.6% in the fourth quarter. Wellington Management Group LLP now owns 9,816 shares of the company’s stock valued at $1,074,000 after purchasing an additional 6,900 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after purchasing an additional 1,336,592 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the firm’s 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 transaction, the vice president now directly owns 23,044 shares of the company’s stock, valued at $3,575,737.48. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the firm’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 transaction of $125,568,000.00. Following the completion of the transaction, the chief executive officer now directly owns 236,544 shares in the company, valued at $37,127,946.24. This trade represents a 77.18% 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. Corporate insiders own 1.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Northcoast Research raised shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a report on Wednesday, April 9th. BTIG Research restated a “buy” rating on shares of Howmet Aerospace in a research note on Monday, May 5th. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. UBS Group upped their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Finally, 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 report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $132.53.

Howmet Aerospace Trading Up 0.0%

Shares of Howmet Aerospace stock opened at $172.72 on Wednesday. The firm has a market capitalization of $69.72 billion, a PE ratio of 61.25, a P/E/G ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $174.66. The firm’s 50-day moving average price is $143.74 and its 200 day moving average price is $129.84. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. On average, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

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

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.