Dimensional Fund Advisors LP Purchases 56,614 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Dimensional Fund Advisors LP grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,102,155 shares of the company’s stock after acquiring an additional 56,614 shares during the quarter. Dimensional Fund Advisors LP owned about 0.52% of Howmet Aerospace worth $163,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HWM. Price T Rowe Associates Inc. MD boosted its position in shares of Howmet Aerospace by 28.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock valued at $966,959,000 after acquiring an additional 3,158,186 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Howmet Aerospace by 18.7% during the 1st quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock valued at $1,223,358,000 after buying an additional 2,813,911 shares during the period. TD Asset Management Inc raised its holdings in Howmet Aerospace by 986.0% during the 1st quarter. TD Asset Management Inc now owns 2,697,449 shares of the company’s stock valued at $184,586,000 after buying an additional 2,449,057 shares during the period. Capital Research Global Investors purchased a new stake in Howmet Aerospace during the 1st quarter valued at $148,996,000. Finally, Vanguard Group Inc. raised its holdings in Howmet Aerospace by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 45,247,674 shares of the company’s stock valued at $2,448,804,000 after buying an additional 1,274,974 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’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 sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’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 sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction dated 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 sale, 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 owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. 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. Robert W. Baird increased their price target on Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. 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. Northcoast Research restated a “sell” rating and set a $70.00 price target on shares of Howmet Aerospace in a report on Friday, June 14th. Finally, Truist Financial increased their price target on Howmet Aerospace from $88.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus target price of $90.67.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $97.42 on Friday. The firm has a market cap of $39.77 billion, a P/E ratio of 47.06, a P/E/G ratio of 1.41 and a beta of 1.46. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. Howmet Aerospace Inc. has a 12 month low of $42.94 and a 12 month high of $98.29. The stock’s fifty day moving average price is $91.31 and its 200-day moving average price is $80.37.

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

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were given a dividend of $0.08 per share. The ex-dividend date was Friday, August 9th. This represents a $0.32 dividend on an annualized basis 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%.

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.