Cambridge Investment Research Advisors Inc. Buys 3,465 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Cambridge Investment Research Advisors Inc. raised its stake in Howmet Aerospace Inc. (NYSE:HWM) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,532 shares of the company’s stock after buying an additional 3,465 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Howmet Aerospace were worth $4,350,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Howmet Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock worth $5,153,220,000 after buying an additional 352,256 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Howmet Aerospace by 14.0% during 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 during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Howmet Aerospace by 0.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company’s stock valued at $1,445,210,000 after purchasing an additional 80,972 shares during the last quarter. 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 valued at $1,197,315,000 after purchasing an additional 1,026,130 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Howmet Aerospace by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company’s stock valued at $1,070,267,000 after purchasing an additional 308,574 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on HWM shares. UBS Group increased their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Truist Financial increased their target price 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. Royal Bank Of Canada increased their target price on shares of Howmet Aerospace from $165.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, June 9th. Northcoast Research raised shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a report on Wednesday, April 9th. Finally, Wells Fargo & Company increased their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $142.13.

Howmet Aerospace Trading Up 4.6%

NYSE:HWM opened at $185.07 on Friday. The company has a 50-day moving average price of $161.55 and a 200-day moving average price of $136.92. Howmet Aerospace Inc. has a 12 month low of $76.85 and a 12 month high of $185.52. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock has a market cap of $74.71 billion, a price-to-earnings ratio of 60.28, a P/E/G ratio of 2.79 and a beta of 1.44.

Howmet Aerospace (NYSE:HWM) last posted its 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 during the quarter, compared to analysts’ expectations of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. Equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were paid a $0.10 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.22%. Howmet Aerospace’s payout ratio is 13.03%.

Insider Buying and Selling

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares in the company, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $125,568,000.00. Following the sale, the chief executive officer now owns 236,544 shares of the company’s stock, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock worth $130,517,863 in the last three months. 1.04% of the stock is owned by corporate insiders.

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.