NewEdge Advisors LLC Boosts Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

NewEdge Advisors LLC increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,885 shares of the company’s stock after purchasing an additional 3,245 shares during the period. NewEdge Advisors LLC’s holdings in Howmet Aerospace were worth $3,873,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Cigna Investments Inc. New grew its position in Howmet Aerospace by 3.8% during the second quarter. Cigna Investments Inc. New now owns 4,178 shares of the company’s stock worth $324,000 after buying an additional 153 shares during the period. Bleakley Financial Group LLC grew its position in Howmet Aerospace by 3.2% during the first quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock worth $348,000 after buying an additional 158 shares during the period. HB Wealth Management LLC grew its position in Howmet Aerospace by 4.9% during the second quarter. HB Wealth Management LLC now owns 3,664 shares of the company’s stock worth $284,000 after buying an additional 171 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Howmet Aerospace by 13.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,820 shares of the company’s stock worth $141,000 after buying an additional 217 shares during the period. Finally, Whittier Trust Co. grew its position in Howmet Aerospace by 81.4% during the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock worth $35,000 after buying an additional 228 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction that occurred on 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 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 accessible through the SEC website. In other news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were 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 in the company, valued at approximately $14,982,938.30. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.

Howmet Aerospace Stock Up 0.4 %

Shares of NYSE HWM opened at $101.29 on Thursday. 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 firm has a market cap of $41.34 billion, a P/E ratio of 48.93, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. Howmet Aerospace Inc. has a 1 year low of $42.94 and a 1 year high of $102.13. The firm’s 50 day moving average price is $94.54 and its 200 day moving average price is $82.30.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results 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 company 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%. Howmet Aerospace’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 2.59 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is currently 15.46%.

Analysts Set New Price Targets

Several brokerages have weighed in on HWM. JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Barclays upped their target price on shares of Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. BTIG Research increased their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Royal Bank of Canada increased 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. Finally, Robert W. Baird increased their price target on shares of Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.93.

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.