XTX Topco Ltd Acquires New Position in Howmet Aerospace Inc. (NYSE:HWM)

XTX Topco Ltd bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the second quarter, HoldingsChannel.com reports. The firm bought 24,219 shares of the company’s stock, valued at approximately $1,880,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HWM. Cultivar Capital Inc. purchased a new stake in shares of Howmet Aerospace in the second quarter worth $26,000. LGT Financial Advisors LLC boosted its holdings in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after buying an additional 262 shares during the period. Rothschild Investment LLC purchased a new stake in Howmet Aerospace in the 2nd quarter worth $32,000. Versant Capital Management Inc raised its holdings in Howmet Aerospace by 1,209.1% during the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after acquiring an additional 399 shares during the period. Finally, Whittier Trust Co. raised its holdings in Howmet Aerospace by 81.4% during the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after acquiring an additional 228 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HWM. Royal Bank of Canada upped their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Barclays upped their price target on Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Northcoast Research reiterated a “sell” rating and set a $70.00 price objective on shares of Howmet Aerospace in a research report on Friday, June 14th. KeyCorp upped their target price on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, BTIG Research lifted their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.67.

Howmet Aerospace Stock Performance

NYSE HWM opened at $97.43 on Friday. The business’s 50 day moving average price is $90.95 and its 200-day moving average price is $80.16. Howmet Aerospace Inc. has a fifty-two week low of $42.94 and a fifty-two week high of $98.15. The company has a market cap of $39.77 billion, a P/E ratio of 47.07, a P/E/G ratio of 1.41 and a beta of 1.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.07. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.83 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Sell-side analysts predict that Howmet Aerospace Inc. will post 2.59 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 9th were paid a $0.08 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.32 annualized dividend and a yield of 0.33%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s dividend payout ratio (DPR) is presently 15.46%.

Insider Buying and Selling at Howmet Aerospace

In other news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this link. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the transaction, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value 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. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

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.