KBC Group NV Sells 449 Shares of Howmet Aerospace Inc. (NYSE:HWM)

KBC Group NV lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,918 shares of the company’s stock after selling 449 shares during the quarter. KBC Group NV’s holdings in Howmet Aerospace were worth $5,308,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. CVA Family Office LLC raised its stake in shares of Howmet Aerospace by 15.7% in the first quarter. CVA Family Office LLC now owns 605 shares of the company’s stock valued at $78,000 after buying an additional 82 shares during the period. Private Trust Co. NA increased its holdings in Howmet Aerospace by 28.0% in the 4th quarter. Private Trust Co. NA now owns 407 shares of the company’s stock worth $45,000 after acquiring an additional 89 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Howmet Aerospace by 4.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company’s stock valued at $256,000 after purchasing an additional 92 shares during the last quarter. Nilsine Partners LLC lifted its holdings in Howmet Aerospace by 3.9% during the first quarter. Nilsine Partners LLC now owns 2,461 shares of the company’s stock valued at $319,000 after purchasing an additional 93 shares during the last quarter. Finally, Curated Wealth Partners LLC boosted its position in Howmet Aerospace by 4.1% during the first quarter. Curated Wealth Partners LLC now owns 2,510 shares of the company’s stock worth $326,000 after purchasing an additional 99 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Down 0.2%

Shares of Howmet Aerospace stock opened at $175.83 on Thursday. Howmet Aerospace Inc. has a 1 year low of $77.22 and a 1 year high of $187.51. The firm has a market cap of $70.98 billion, a PE ratio of 57.27, a PEG ratio of 2.66 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07. The company has a 50 day simple moving average of $164.84 and a two-hundred day simple moving average of $138.12.

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

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were given a $0.10 dividend. 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 payout ratio is 13.03%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. BTIG Research reissued a “buy” rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Truist Financial increased their target price on Howmet Aerospace from $161.00 to $192.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. Benchmark raised their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Howmet Aerospace in a research report on Monday. Finally, Wells Fargo & Company increased their price objective on Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average price target of $142.13.

Insider Buying and Selling

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the 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 transaction, the vice president directly owned 23,044 shares in the company, valued at $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace 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 transaction, the executive vice president directly owned 131,859 shares in the company, 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. Insiders sold 831,250 shares of company stock worth $130,517,863 in the last quarter. 1.04% of the stock is owned by insiders.

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.