Accurate Wealth Management LLC Buys 160 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Accurate Wealth Management LLC increased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,543 shares of the company’s stock after purchasing an additional 160 shares during the period. Accurate Wealth Management LLC’s holdings in Howmet Aerospace were worth $319,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HWM. Park Avenue Securities LLC boosted its stake in Howmet Aerospace by 126.1% in the first quarter. Park Avenue Securities LLC now owns 24,207 shares of the company’s stock worth $3,140,000 after buying an additional 13,500 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Howmet Aerospace by 156.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company’s stock worth $1,014,000 after buying an additional 5,664 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Howmet Aerospace in the fourth quarter worth approximately $223,000. Vontobel Holding Ltd. boosted its stake in Howmet Aerospace by 8.9% in the fourth quarter. Vontobel Holding Ltd. now owns 4,222 shares of the company’s stock worth $462,000 after buying an additional 346 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Howmet Aerospace by 236.6% in the fourth quarter. Wellington Management Group LLP now owns 9,816 shares of the company’s stock worth $1,074,000 after buying an additional 6,900 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on HWM. Morgan Stanley upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Northcoast Research raised Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. UBS Group upped their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company increased their price objective on Howmet Aerospace from $118.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $134.59.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM opened at $170.84 on Thursday. The company has a market cap of $68.96 billion, a price-to-earnings ratio of 60.58, a price-to-earnings-growth ratio of 1.92 and a beta of 1.44. The company has a 50-day moving average price of $149.22 and a 200-day moving average price of $132.08. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $177.25.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Friday, May 9th. Howmet Aerospace’s dividend payout ratio is currently 13.03%.

Insider Activity at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of the business’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 transaction, the vice president now owns 23,044 shares in the company, valued at $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the business’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 transaction, the chief executive officer now owns 236,544 shares in the company, valued at $37,127,946.24. This represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 831,250 shares of company stock worth $130,517,863 over the last 90 days. 1.04% of the stock is owned by company insiders.

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.