Vanguard Group Inc. Grows Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Vanguard Group Inc. boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,247,674 shares of the company’s stock after purchasing an additional 1,274,974 shares during the quarter. Vanguard Group Inc. owned about 11.03% of Howmet Aerospace worth $2,448,804,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HWM. Headinvest LLC purchased a new stake in Howmet Aerospace during the third quarter valued at $30,000. Lindbrook Capital LLC raised its stake in shares of Howmet Aerospace by 34.4% in the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after acquiring an additional 229 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Howmet Aerospace by 62.9% in the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock valued at $53,000 after acquiring an additional 377 shares during the period. Blue Trust Inc. raised its stake in shares of Howmet Aerospace by 33.1% in the fourth quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock valued at $59,000 after acquiring an additional 271 shares during the period. Finally, Psagot Value Holdings Ltd. Israel raised its stake in shares of Howmet Aerospace by 720.0% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 1,312 shares of the company’s stock valued at $71,000 after acquiring an additional 1,152 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 32,614 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $84.26, for a total value of $2,748,055.64. Following the sale, the executive vice president now directly owns 217,687 shares in the company, valued at approximately $18,342,306.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HWM. Truist Financial increased their target price on shares of Howmet Aerospace from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Northcoast Research reissued a “sell” rating and issued a $70.00 target price on shares of Howmet Aerospace in a research note on Friday. Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $72.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Barclays increased their target price on shares of Howmet Aerospace from $65.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Finally, Royal Bank of Canada increased their target price on shares of Howmet Aerospace from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.69.

Howmet Aerospace Stock Up 1.3 %

Shares of Howmet Aerospace stock opened at $80.00 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92. Howmet Aerospace Inc. has a 1 year low of $42.94 and a 1 year high of $85.52. The firm’s 50-day moving average is $76.51 and its two-hundred day moving average is $65.66. The stock has a market cap of $32.65 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 1.45 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the business earned $0.42 EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, research analysts expect that Howmet Aerospace Inc. will post 2.39 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.25%. The ex-dividend date was Thursday, May 9th. Howmet Aerospace’s payout ratio is 9.66%.

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.