Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Key Client Fiduciary Advisors LLC

Key Client Fiduciary Advisors LLC reduced its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 16.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,670 shares of the company’s stock after selling 934 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Howmet Aerospace were worth $320,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Accurate Wealth Management LLC purchased a new stake in shares of Howmet Aerospace in the 4th quarter worth about $2,825,000. Los Angeles Capital Management LLC lifted its holdings in shares of Howmet Aerospace by 70.1% in the first quarter. Los Angeles Capital Management LLC now owns 1,273,290 shares of the company’s stock valued at $87,131,000 after purchasing an additional 524,805 shares in the last quarter. Quadrature Capital Ltd grew its position in shares of Howmet Aerospace by 303.8% in the fourth quarter. Quadrature Capital Ltd now owns 23,629 shares of the company’s stock valued at $1,279,000 after purchasing an additional 17,777 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Howmet Aerospace by 39.0% during the 4th quarter. National Bank of Canada FI now owns 120,557 shares of the company’s stock worth $6,477,000 after purchasing an additional 33,844 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in shares of Howmet Aerospace by 24.8% during the 4th quarter. First Trust Direct Indexing L.P. now owns 6,381 shares of the company’s stock worth $345,000 after purchasing an additional 1,269 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the completion of the transaction, the executive vice president now directly owns 217,687 shares of the company’s stock, valued at approximately $18,342,306.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.12% of the stock is currently owned by corporate insiders.

Howmet Aerospace Trading Up 0.8 %

NYSE:HWM opened at $79.60 on Friday. The business’s 50-day moving average is $78.59 and its two-hundred day moving average is $66.87. The firm has a market capitalization of $32.49 billion, a PE ratio of 38.45, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. Howmet Aerospace Inc. has a 12 month low of $42.94 and a 12 month high of $85.52. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. During the same period in the prior year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Research analysts predict that Howmet Aerospace Inc. will post 2.39 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 9.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Robert W. Baird increased their target price on Howmet Aerospace from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. BTIG Research started coverage on shares of Howmet Aerospace in a report on Wednesday. They issued a “buy” rating and a $95.00 target price on the stock. Royal Bank of Canada lifted their price target on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Wells Fargo & Company upped their price objective on shares of Howmet Aerospace from $72.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Finally, Argus lifted their target price on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.88.

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.