Tredje AP fonden Decreases Position in Howmet Aerospace Inc. (NYSE:HWM)

Tredje AP fonden reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 53.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 61,049 shares of the company’s stock after selling 70,689 shares during the period. Tredje AP fonden’s holdings in Howmet Aerospace were worth $4,739,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wealthspire Advisors LLC purchased a new stake in shares of Howmet Aerospace during the second quarter worth approximately $209,000. Blair William & Co. IL raised its position in shares of Howmet Aerospace by 51.6% in the first quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock valued at $1,744,000 after buying an additional 8,676 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Howmet Aerospace by 70.1% in the first quarter. Los Angeles Capital Management LLC now owns 1,273,290 shares of the company’s stock worth $87,131,000 after buying an additional 524,805 shares in the last quarter. Quadrature Capital Ltd lifted its stake in shares of Howmet Aerospace by 303.8% in the fourth quarter. Quadrature Capital Ltd now owns 23,629 shares of the company’s stock worth $1,279,000 after buying an additional 17,777 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Howmet Aerospace by 67.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 80,414 shares of the company’s stock worth $5,431,000 after buying an additional 32,431 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HWM. Robert W. Baird raised their target price on shares of Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Truist Financial lifted their price objective on Howmet Aerospace from $88.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Northcoast Research reissued a “sell” rating and set a $70.00 price objective on shares of Howmet Aerospace in a research note on Friday, June 14th. Benchmark raised their target price on Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, Royal Bank of Canada boosted their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and an average price target of $90.67.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the company’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 sale, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Howmet Aerospace Trading Up 0.1 %

Shares of HWM stock opened at $94.68 on Thursday. Howmet Aerospace Inc. has a 1-year low of $42.94 and a 1-year high of $98.15. The firm has a market cap of $38.65 billion, a PE ratio of 45.74, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46. The company has a 50-day moving average of $90.59 and a two-hundred day moving average of $80.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. On average, analysts predict that Howmet Aerospace Inc. will post 2.59 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Friday, August 9th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s payout ratio is currently 15.46%.

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.