XML Financial LLC Purchases 101 Shares of Howmet Aerospace Inc. (NYSE:HWM)

XML Financial LLC grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 5.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,945 shares of the company’s stock after acquiring an additional 101 shares during the quarter. XML Financial LLC’s holdings in Howmet Aerospace were worth $252,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. lifted its position in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $25,000. Washington Trust Advisors Inc. bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $29,000. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock worth $34,000 after acquiring an additional 141 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

HWM has been the subject of a number of research reports. BTIG Research reiterated a “buy” rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Northcoast Research raised Howmet Aerospace from a “sell” rating to a “neutral” rating in a report on Wednesday, April 9th. Royal Bank Of Canada increased their target price on Howmet Aerospace from $165.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, June 9th. Wells Fargo & Company increased their target price on Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Finally, UBS Group increased their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a report 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

Insider Activity

In other news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares of the company’s stock, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction on Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the sale, the executive vice president now directly owns 131,859 shares of the company’s stock, valued at $20,903,607.27. This trade represents a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.12% of the company’s stock.

Howmet Aerospace Trading Up 0.6%

HWM stock opened at $176.71 on Wednesday. The business has a fifty day moving average price of $158.20 and a 200 day moving average price of $135.57. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $177.50. The stock has a market capitalization of $71.33 billion, a price-to-earnings ratio of 57.56, a P/E/G ratio of 2.65 and a beta of 1.44. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm posted $0.53 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

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

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.