First Hawaiian Bank Sells 1,046 Shares of Howmet Aerospace Inc. (NYSE:HWM)

First Hawaiian Bank reduced its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,076 shares of the company’s stock after selling 1,046 shares during the quarter. First Hawaiian Bank’s holdings in Howmet Aerospace were worth $416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headinvest LLC bought a new position in Howmet Aerospace during the 3rd quarter valued at about $30,000. Lindbrook Capital LLC raised its stake in shares of Howmet Aerospace by 34.4% in the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after acquiring an additional 229 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Howmet Aerospace by 62.9% in the 4th quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock worth $53,000 after acquiring an additional 377 shares in the last quarter. Blue Trust Inc. grew its position in Howmet Aerospace by 33.1% during the 4th quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after acquiring an additional 271 shares during the last quarter. Finally, Psagot Value Holdings Ltd. Israel increased its holdings in Howmet Aerospace by 720.0% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 1,312 shares of the company’s stock valued at $71,000 after purchasing an additional 1,152 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 32,614 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $84.26, for a total value of $2,748,055.64. Following the completion of the transaction, the executive vice president now 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 Securities & Exchange Commission, which is available through this link. Company insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Up 0.8 %

NYSE:HWM opened at $80.14 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.97 and a debt-to-equity ratio of 0.86. Howmet Aerospace Inc. has a 12-month low of $42.94 and a 12-month high of $85.52. The stock’s fifty day simple moving average is $77.70 and its 200-day simple moving average is $66.33. The firm has a market capitalization of $32.71 billion, a P/E ratio of 38.71, a P/E/G ratio of 1.46 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. Equities research analysts expect that Howmet Aerospace Inc. will post 2.39 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have commented on HWM. Truist Financial boosted their price objective on Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Northcoast Research reiterated a “sell” rating and set a $70.00 price target on shares of Howmet Aerospace in a research report on Friday, June 14th. KeyCorp raised their price objective on shares of Howmet Aerospace from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Argus boosted 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. Finally, Wells Fargo & Company increased their price target 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.69.

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.