Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by Andra AP fonden

Andra AP fonden raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 3.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 47,600 shares of the company’s stock after buying an additional 1,400 shares during the quarter. Andra AP fonden’s holdings in Howmet Aerospace were worth $3,695,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Cultivar Capital Inc. acquired a new position in shares of Howmet Aerospace during the second quarter worth about $26,000. LGT Financial Advisors LLC increased its position 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 period. Rothschild Investment LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter worth approximately $32,000. Versant Capital Management Inc lifted its holdings in shares of Howmet Aerospace by 1,209.1% in the 2nd 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, AlphaCentric Advisors LLC purchased a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity

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

Howmet Aerospace Trading Up 1.0 %

Howmet Aerospace stock opened at $94.09 on Thursday. The stock has a 50-day moving average price of $89.09 and a 200 day moving average price of $79.05. Howmet Aerospace Inc. has a 52 week low of $42.94 and a 52 week high of $98.15. The stock has a market cap of $38.41 billion, a PE ratio of 45.45, a P/E/G ratio of 1.37 and a beta of 1.46. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.83 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 earnings per share. Equities research analysts predict that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 9th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Friday, August 9th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s dividend payout ratio is currently 15.46%.

Wall Street Analyst Weigh In

Several research firms have issued reports on HWM. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their price target on shares of Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Benchmark boosted their price objective on shares of Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Barclays increased their target price on shares of Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Northcoast Research reissued a “sell” rating and set a $70.00 price target on shares of Howmet Aerospace in a research note on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.67.

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.