Neville Rodie & Shaw Inc. Makes New $5.51 Million Investment in Howmet Aerospace Inc. (NYSE:HWM)

Neville Rodie & Shaw Inc. purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 54,989 shares of the company’s stock, valued at approximately $5,513,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Cultivar Capital Inc. bought a new position in Howmet Aerospace during the 2nd quarter worth approximately $26,000. LGT Financial Advisors LLC raised its holdings in Howmet Aerospace by 278.7% during 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 last quarter. Rothschild Investment LLC bought a new position in Howmet Aerospace during the 2nd quarter worth approximately $32,000. Versant Capital Management Inc raised its holdings in Howmet Aerospace by 1,209.1% during the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock worth $34,000 after purchasing an additional 399 shares during the last quarter. Finally, AlphaCentric Advisors LLC bought a new position in Howmet Aerospace during the 2nd quarter worth approximately $36,000. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace 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 completion of the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace 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 completion of the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

Howmet Aerospace Trading Up 0.4 %

Shares of Howmet Aerospace stock opened at $101.29 on Thursday. Howmet Aerospace Inc. has a 52-week low of $42.94 and a 52-week high of $102.13. The stock’s 50-day simple moving average is $94.54 and its 200 day simple moving average is $82.30. The stock has a market capitalization of $41.34 billion, a P/E ratio of 48.93, a P/E/G ratio of 1.47 and a beta of 1.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53.

Howmet Aerospace (NYSE:HWM) last announced 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. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. As a group, research analysts anticipate that Howmet Aerospace Inc. will post 2.59 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued 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 is Friday, November 8th. Howmet Aerospace’s payout ratio is presently 15.46%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HWM shares. KeyCorp raised their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. 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 report on Wednesday, July 31st. Truist Financial raised their price objective on Howmet Aerospace from $88.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Barclays raised their price objective on Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.