Lombard Odier Asset Management Europe Ltd Decreases Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Lombard Odier Asset Management Europe Ltd lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 17.8% during the second quarter, HoldingsChannel.com reports. The fund owned 67,651 shares of the company’s stock after selling 14,610 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Howmet Aerospace were worth $5,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cultivar Capital Inc. bought a new stake in shares of Howmet Aerospace in the second quarter worth $26,000. LGT Financial Advisors LLC lifted its stake in shares of Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares during the period. Rothschild Investment LLC purchased a new position in shares of Howmet Aerospace in the second quarter worth approximately $32,000. Versant Capital Management Inc grew its position in Howmet Aerospace by 1,209.1% during the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after buying an additional 399 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 valued at $35,000 after buying an additional 228 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Up 0.0 %

Shares of NYSE:HWM opened at $97.45 on Monday. The firm has a market capitalization of $39.78 billion, a PE ratio of 47.08, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46. The business has a 50 day simple moving average of $91.31 and a two-hundred day simple moving average of $80.54. Howmet Aerospace Inc. has a 1 year low of $42.94 and a 1 year high of $98.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) 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 company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the business earned $0.44 EPS. Howmet Aerospace’s revenue was up 14.1% compared to the same quarter last year. On average, equities analysts predict that Howmet Aerospace Inc. will post 2.59 EPS for the current 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 issued a dividend of $0.08 per share. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, August 9th. This represents a $0.32 dividend on an annualized basis and a yield of 0.33%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 15.46%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HWM. Barclays lifted 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. BTIG Research upped their price target on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Northcoast Research reissued a “sell” rating and set a $70.00 target price on shares of Howmet Aerospace in a research note on Friday, June 14th. Royal Bank of Canada boosted their price target on Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Benchmark increased their price objective on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $90.67.

Insider Buying and Selling at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of the business’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 value of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares in the company, valued at $14,982,938.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction on Friday, August 23rd. The stock was 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 directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was 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 owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

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.