Thurston Springer Miller Herd & Titak Inc. Acquires 400 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 38.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,430 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Howmet Aerospace were worth $186,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Steward Partners Investment Advisory LLC raised its holdings in Howmet Aerospace by 156.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company’s stock worth $1,014,000 after acquiring an additional 5,664 shares during the period. Proficio Capital Partners LLC bought a new position in Howmet Aerospace in the 4th quarter worth $223,000. Vontobel Holding Ltd. raised its holdings in Howmet Aerospace by 8.9% in the 4th quarter. Vontobel Holding Ltd. now owns 4,222 shares of the company’s stock worth $462,000 after acquiring an additional 346 shares during the period. Wellington Management Group LLP raised its holdings in Howmet Aerospace by 236.6% in the 4th quarter. Wellington Management Group LLP now owns 9,816 shares of the company’s stock worth $1,074,000 after acquiring an additional 6,900 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Howmet Aerospace by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after acquiring an additional 1,336,592 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. BTIG Research reiterated a “buy” rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Finally, Benchmark lifted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.53.

Insider Buying and Selling at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the sale, the vice president now owns 23,044 shares of the company’s stock, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the sale, the executive vice president now directly owns 131,859 shares in the company, valued at $20,903,607.27. This trade represents a 18.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock worth $130,517,863 over the last three months. 1.04% of the stock is currently owned by insiders.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $175.37 on Friday. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $177.25. The firm has a fifty day simple moving average of $146.40 and a 200 day simple moving average of $130.98. The company has a market capitalization of $70.79 billion, a PE ratio of 62.19, a P/E/G ratio of 1.92 and a beta of 1.37. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $0.53 earnings per share. Howmet Aerospace’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace’s payout ratio is 13.03%.

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.