William B. Walkup & Associates Inc. Buys New Shares in Howmet Aerospace Inc. (NYSE:HWM)

William B. Walkup & Associates Inc. bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, Holdings Channel.com reports. The fund bought 6,196 shares of the company’s stock, valued at approximately $481,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cigna Investments Inc. New increased its position in Howmet Aerospace by 3.8% in the 2nd quarter. Cigna Investments Inc. New now owns 4,178 shares of the company’s stock valued at $324,000 after acquiring an additional 153 shares during the period. Bleakley Financial Group LLC increased its position in shares of Howmet Aerospace by 3.2% during the 1st quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock valued at $348,000 after purchasing an additional 158 shares during the period. HB Wealth Management LLC increased its position in shares of Howmet Aerospace by 4.9% during the 2nd quarter. HB Wealth Management LLC now owns 3,664 shares of the company’s stock valued at $284,000 after purchasing an additional 171 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Howmet Aerospace by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock valued at $203,000 after purchasing an additional 178 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Howmet Aerospace by 13.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,820 shares of the company’s stock valued at $141,000 after purchasing an additional 217 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Benchmark lifted their price target on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Barclays raised their price objective on 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 raised their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Truist Financial raised 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.93.

Howmet Aerospace Trading Down 0.1 %

Howmet Aerospace stock opened at $99.21 on Monday. 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 business’s 50-day simple moving average is $93.34 and its 200-day simple moving average is $81.68. The firm has a market capitalization of $40.50 billion, a PE ratio of 47.93, a PEG ratio of 1.47 and a beta of 1.46. Howmet Aerospace Inc. has a 52 week low of $42.94 and a 52 week high of $100.62.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The business 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 firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. Equities research analysts forecast that Howmet Aerospace Inc. will post 2.59 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 15.46%.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on 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 directly owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on 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 directly owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace 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 sale, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.

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.