IAM Advisory LLC Grows Position in Howmet Aerospace Inc. (NYSE:HWM)

IAM Advisory LLC boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,058 shares of the company’s stock after acquiring an additional 187 shares during the quarter. IAM Advisory LLC’s holdings in Howmet Aerospace were worth $916,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Howmet Aerospace during the 4th quarter worth about $1,001,558,000. JPMorgan Chase & Co. lifted its stake in shares of Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after purchasing an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth about $265,844,000. GAMMA Investing LLC grew its holdings in shares of Howmet Aerospace by 15,741.8% during the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company’s stock worth $1,723,040,000 after purchasing an additional 1,319,792 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of Howmet Aerospace by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock worth $1,197,315,000 after purchasing an additional 1,026,130 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HWM shares. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Barclays upped their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. BTIG Research reissued a “buy” rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Truist Financial dropped their target price on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Royal Bank of Canada increased their target price on Howmet Aerospace from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $132.53.

Insiders Place Their Bets

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

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $175.37 on Friday. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $146.40 and its two-hundred day moving average price is $130.98. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $177.25. The stock has a market cap of $70.79 billion, a PE ratio of 62.19, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The firm 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%. Howmet Aerospace’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

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

Howmet Aerospace 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.