Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by Creative Planning

Creative Planning lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 11.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,633 shares of the company’s stock after acquiring an additional 4,773 shares during the period. Creative Planning’s holdings in Howmet Aerospace were worth $3,542,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC acquired a new stake in Howmet Aerospace during the second quarter worth approximately $209,000. Blair William & Co. IL lifted its position in 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 acquiring an additional 8,676 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in 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 valued at $87,131,000 after acquiring an additional 524,805 shares in the last quarter. Quadrature Capital Ltd boosted its stake in Howmet Aerospace by 303.8% in the fourth quarter. Quadrature Capital Ltd now owns 23,629 shares of the company’s stock valued at $1,279,000 after acquiring an additional 17,777 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Howmet Aerospace by 67.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 80,414 shares of the company’s stock worth $5,431,000 after purchasing an additional 32,431 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of HWM opened at $102.03 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average is $95.29 and its two-hundred day moving average is $82.67. Howmet Aerospace Inc. has a twelve month low of $42.94 and a twelve month high of $103.00. The firm has a market capitalization of $41.65 billion, a PE ratio of 49.29, a P/E/G ratio of 1.47 and a beta of 1.46.

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, beating analysts’ consensus estimates of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. Research 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. Stockholders of record on Friday, November 8th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio is presently 15.46%.

Analyst Upgrades and Downgrades

HWM has been the subject of several research reports. Northcoast Research reissued a “sell” rating and issued a $70.00 target price on shares of Howmet Aerospace in a report on Friday, June 14th. KeyCorp increased their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Robert W. Baird lifted their target price on shares of Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Barclays increased their price target on shares of Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Truist Financial lifted their price objective on shares of Howmet Aerospace from $88.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.07.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace 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 transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction 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 transaction, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction 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 $8,985,077.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Howmet Aerospace Company 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.