SG Americas Securities LLC Sells 34,552 Shares of Howmet Aerospace Inc. (NYSE:HWM)

SG Americas Securities LLC trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 15.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 193,604 shares of the company’s stock after selling 34,552 shares during the quarter. SG Americas Securities LLC’s holdings in Howmet Aerospace were worth $19,409,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Czech National Bank raised its holdings in shares of Howmet Aerospace by 12.5% during the 3rd quarter. Czech National Bank now owns 83,143 shares of the company’s stock worth $8,335,000 after acquiring an additional 9,248 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Howmet Aerospace by 6.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after acquiring an additional 124 shares in the last quarter. Neville Rodie & Shaw Inc. purchased a new stake in shares of Howmet Aerospace during the 3rd quarter worth approximately $5,513,000. Sanctuary Advisors LLC purchased a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $1,533,000. Finally, Cetera Investment Advisers raised its holdings in shares of Howmet Aerospace by 37.4% during the 2nd quarter. Cetera Investment Advisers now owns 58,948 shares of the company’s stock worth $4,576,000 after acquiring an additional 16,055 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Barclays increased their price target on Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price target on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday. Benchmark increased their price target on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, KeyCorp increased their price target on Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.07.

Insiders Place Their Bets

In related news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction dated 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 owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction dated 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 owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 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 sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Up 1.3 %

HWM traded up $1.28 on Friday, hitting $102.03. The company had a trading volume of 2,063,335 shares, compared to its average volume of 3,046,935. 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 stock has a market capitalization of $41.65 billion, a price-to-earnings ratio of 49.29, a P/E/G ratio of 1.47 and a beta of 1.46. The stock has a fifty day moving average price of $95.29 and a 200-day moving average price of $82.67. Howmet Aerospace Inc. has a 12-month low of $42.94 and a 12-month high of $103.00.

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

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.31%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is presently 15.46%.

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.