Hennion & Walsh Asset Management Inc. Purchases 3,299 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Hennion & Walsh Asset Management Inc. increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 16.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,508 shares of the company’s stock after purchasing an additional 3,299 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Howmet Aerospace were worth $1,609,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Valeo Financial Advisors LLC grew its holdings in shares of Howmet Aerospace by 4.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock valued at $247,000 after acquiring an additional 200 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Howmet Aerospace by 10.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock valued at $122,000 after purchasing an additional 205 shares during the period. Lindbrook Capital LLC increased its position in shares of Howmet Aerospace by 34.4% during the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after purchasing an additional 229 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Howmet Aerospace by 2.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,746 shares of the company’s stock worth $872,000 after purchasing an additional 246 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Howmet Aerospace by 0.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,869 shares of the company’s stock worth $2,645,000 after buying an additional 247 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HWM. BTIG Research assumed coverage on shares of Howmet Aerospace in a report on Wednesday. They set a “buy” rating and a $95.00 price objective for the company. Benchmark reiterated a “buy” rating and issued a $53.00 target price on shares of Howmet Aerospace in a research report on Friday, April 19th. Truist Financial lifted their price target on shares of Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Royal Bank of Canada lifted their price objective on Howmet Aerospace from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $72.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.88.

Howmet Aerospace Stock Down 2.5 %

Shares of Howmet Aerospace stock opened at $77.63 on Friday. Howmet Aerospace Inc. has a 1 year low of $42.94 and a 1 year high of $85.52. The firm has a market cap of $31.69 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 1.46 and a beta of 1.50. The company has a 50-day moving average of $79.20 and a 200 day moving average of $67.13. 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 quarterly earnings data on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 2.39 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, May 9th. Howmet Aerospace’s payout ratio is 9.66%.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 32,614 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was 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 in the company, valued at $18,342,306.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.12% 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.