Diversified Trust Co Makes New $2.55 Million Investment in Howmet Aerospace Inc. (NYSE:HWM)

Diversified Trust Co purchased a new position in Howmet Aerospace Inc. (NYSE:HWM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,652 shares of the company’s stock, valued at approximately $2,550,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. CVA Family Office LLC boosted its stake in shares of Howmet Aerospace by 15.7% during the 1st quarter. CVA Family Office LLC now owns 605 shares of the company’s stock valued at $78,000 after buying an additional 82 shares during the period. Private Trust Co. NA boosted its stake in shares of Howmet Aerospace by 28.0% during the 4th quarter. Private Trust Co. NA now owns 407 shares of the company’s stock valued at $45,000 after buying an additional 89 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Howmet Aerospace by 4.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company’s stock valued at $256,000 after buying an additional 92 shares during the period. Nilsine Partners LLC boosted its stake in shares of Howmet Aerospace by 3.9% during the 1st quarter. Nilsine Partners LLC now owns 2,461 shares of the company’s stock valued at $319,000 after buying an additional 93 shares during the period. Finally, Curated Wealth Partners LLC boosted its stake in shares of Howmet Aerospace by 4.1% during the 1st quarter. Curated Wealth Partners LLC now owns 2,510 shares of the company’s stock valued at $326,000 after buying an additional 99 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

HWM has been the subject of a number of research reports. Northcoast Research raised shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Royal Bank Of Canada lifted their target price on shares of Howmet Aerospace from $165.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, June 9th. Wells Fargo & Company lifted their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Benchmark lifted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Finally, Truist Financial raised their price target on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a “buy” rating in a report on Thursday, June 12th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

Howmet Aerospace Stock Up 4.6%

HWM stock opened at $185.07 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. Howmet Aerospace Inc. has a 1 year low of $76.83 and a 1 year high of $185.52. The company has a fifty day simple moving average of $161.55 and a 200 day simple moving average of $136.78. The firm has a market cap of $74.71 billion, a PE ratio of 60.28, a PEG ratio of 2.67 and a beta of 1.44.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results 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. 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 earned $0.53 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently declared 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. This represents a $0.40 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Friday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is 13.03%.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 236,544 shares in the company, valued at $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of the company’s stock in a transaction dated 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 directly owns 131,859 shares of the company’s stock, valued at $20,903,607.27. This represents a 18.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock worth $130,517,863 over the last ninety days. Company insiders own 1.04% of the company’s stock.

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.