Benjamin F. Edwards & Company Inc. Decreases Position in Howmet Aerospace Inc. (NYSE:HWM)

Benjamin F. Edwards & Company Inc. decreased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 11.3% in the second quarter, Holdings Channel.com reports. The firm owned 1,197 shares of the company’s stock after selling 153 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Howmet Aerospace were worth $93,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HWM. Wealthspire Advisors LLC bought a new stake in Howmet Aerospace in the second quarter worth about $209,000. Blair William & Co. IL boosted its holdings in Howmet Aerospace by 51.6% during the 1st 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 period. Los Angeles Capital Management LLC grew its position in Howmet Aerospace by 70.1% in the 1st 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 during the last quarter. Quadrature Capital Ltd increased 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 worth $1,279,000 after purchasing an additional 17,777 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position 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. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.1 %

NYSE:HWM opened at $99.22 on Friday. The firm has a 50 day moving average of $93.34 and a 200 day moving average of $81.46. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. Howmet Aerospace Inc. has a 52 week low of $42.94 and a 52 week high of $100.62. The stock has a market capitalization of $40.50 billion, a price-to-earnings ratio of 47.93, a PEG ratio of 1.47 and a beta of 1.46.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

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

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other 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 value of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now 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.

Wall Street Analysts Forecast Growth

HWM has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada lifted their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Truist Financial increased their price objective on Howmet Aerospace from $88.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Northcoast Research reaffirmed a “sell” rating and set a $70.00 target price on shares of Howmet Aerospace in a research report on Friday, June 14th. Finally, Robert W. Baird increased their price target on Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.