Symmetry Investments LP Trims Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Symmetry Investments LP cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 20.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,300 shares of the company’s stock after selling 6,300 shares during the period. Symmetry Investments LP’s holdings in Howmet Aerospace were worth $1,886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cultivar Capital Inc. purchased a new stake in shares of Howmet Aerospace in the second quarter valued at about $26,000. LGT Financial Advisors LLC increased its position in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares during the period. Rothschild Investment LLC purchased a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $32,000. Versant Capital Management Inc lifted its position in Howmet Aerospace by 1,209.1% during the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock worth $34,000 after acquiring an additional 399 shares during the period. Finally, AlphaCentric Advisors LLC purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 0.0 %

HWM opened at $97.42 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53. The company has a market cap of $39.77 billion, a price-to-earnings ratio of 47.06, a PEG ratio of 1.41 and a beta of 1.46. Howmet Aerospace Inc. has a one year low of $42.94 and a one year high of $98.29. The business’s fifty day moving average is $91.31 and its two-hundred day moving average is $80.37.

Howmet Aerospace (NYSE:HWM) last posted 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. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts anticipate that Howmet Aerospace Inc. will post 2.59 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Northcoast Research restated a “sell” rating and set a $70.00 price target on shares of Howmet Aerospace in a research note on Friday, June 14th. Truist Financial upped their price objective on shares of Howmet Aerospace from $88.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. KeyCorp increased their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Benchmark raised their price objective on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $90.67.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were 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 of the company’s stock, valued at approximately $8,985,077.78. The transaction was disclosed in a filing with the SEC, which is available at 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 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. Insiders own 1.12% of the company’s stock.

About Howmet Aerospace

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.