Mount Yale Investment Advisors LLC Sells 3,612 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Mount Yale Investment Advisors LLC reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 60.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,354 shares of the company’s stock after selling 3,612 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Howmet Aerospace were worth $236,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its holdings in Howmet Aerospace by 6.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock valued at $195,000 after buying an additional 124 shares during the last quarter. Cigna Investments Inc. New raised its holdings in Howmet Aerospace by 3.8% in the 2nd quarter. Cigna Investments Inc. New now owns 4,178 shares of the company’s stock worth $324,000 after purchasing an additional 153 shares during the period. Bleakley Financial Group LLC lifted its position in Howmet Aerospace by 3.2% during the first 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 in the last quarter. HB Wealth Management LLC grew its holdings in Howmet Aerospace by 4.9% during the second 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. Finally, Northwestern Mutual Wealth Management Co. increased its position in Howmet Aerospace by 7.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock worth $203,000 after buying an additional 178 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HWM shares. Sanford C. Bernstein lifted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Benchmark upped their price target on shares of Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. BTIG Research increased their price objective on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $101.50.

Howmet Aerospace Trading Up 0.8 %

Shares of HWM opened at $101.39 on Monday. Howmet Aerospace Inc. has a fifty-two week low of $42.94 and a fifty-two week high of $106.93. 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 company’s fifty day moving average is $98.79 and its 200 day moving average is $86.76. The stock has a market capitalization of $41.39 billion, a PE ratio of 48.98, a P/E/G ratio of 1.51 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 (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. The business had revenue of $1.88 billion during 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 company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. Sell-side analysts expect that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be given a $0.08 dividend. 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 dividend payout ratio (DPR) is currently 15.46%.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s 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 transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were 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 $8,985,077.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’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 transaction, the chief financial officer now owns 155,135 shares in the company, valued at $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is owned by 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.