Exchange Traded Concepts LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,514 shares of the company's stock, valued at approximately $553,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. American International Group Inc. increased its position in Howmet Aerospace by 1.6% during the fourth quarter. American International Group Inc. now owns 105,188 shares of the company's stock worth $5,693,000 after purchasing an additional 1,672 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in Howmet Aerospace in the 4th quarter valued at $205,000. Nomura Holdings Inc. purchased a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $427,000. CWM LLC raised its stake in shares of Howmet Aerospace by 8.4% during the first quarter. CWM LLC now owns 9,395 shares of the company's stock valued at $643,000 after purchasing an additional 729 shares during the period. Finally, NBC Securities Inc. lifted its holdings in Howmet Aerospace by 19.8% in the 1st quarter. NBC Securities Inc. now owns 1,685 shares of the company's stock worth $115,000 after buying an additional 278 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.
Howmet Aerospace Price Performance
Shares of NYSE:HWM traded down $0.67 during trading on Friday, reaching $105.54. 1,706,598 shares of the company traded hands, compared to its average volume of 2,988,055. Howmet Aerospace Inc. has a 52 week low of $42.94 and a 52 week high of $106.76. The company's 50 day moving average is $97.95 and its two-hundred day moving average is $85.33. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $43.08 billion, a PE ratio of 50.99, a PEG ratio of 1.51 and a beta of 1.46.
Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The company had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.83 billion. During the same period in the previous year, the business posted $0.44 earnings per share. The business's quarterly revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 2.59 earnings per share for the current year.
Howmet Aerospace Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace's payout ratio is currently 15.46%.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price target on Howmet Aerospace from $90.00 to $105.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. Truist Financial raised their price target on shares of Howmet Aerospace from $105.00 to $123.00 and gave the company a "buy" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Finally, KeyCorp raised their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus target price of $97.75.
Read Our Latest Stock Report on HWM
Insiders Place Their Bets
In related news, EVP Neil Edward Marchuk sold 70,637 shares of the company's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of the firm's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the transaction, the chief financial officer now directly owns 155,135 shares of the company's stock, valued at approximately $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company's stock.
Howmet Aerospace Profile
(
Free Report)
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.
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