American International Group Inc. Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

American International Group Inc. increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 105,188 shares of the company’s stock after buying an additional 1,672 shares during the quarter. American International Group Inc.’s holdings in Howmet Aerospace were worth $5,693,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HWM. Centaurus Financial Inc. purchased a new position in shares of Howmet Aerospace during the fourth quarter worth approximately $122,000. Bridgefront Capital LLC purchased a new position in Howmet Aerospace during the 4th quarter worth $353,000. Point72 Hong Kong Ltd acquired a new position in Howmet Aerospace in the fourth quarter valued at $7,058,000. Junto Capital Management LP purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $15,121,000. Finally, Symmetry Investments LP acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth about $3,529,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 32,614 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the sale, the executive vice president now owns 217,687 shares of the company’s stock, valued at $18,342,306.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.12% of the stock is owned by insiders.

Howmet Aerospace Trading Up 0.8 %

Shares of HWM stock opened at $80.14 on Friday. The stock has a market cap of $32.71 billion, a P/E ratio of 38.72, a P/E/G ratio of 1.48 and a beta of 1.50. The company has a quick ratio of 0.92, a current ratio of 1.97 and a debt-to-equity ratio of 0.86. Howmet Aerospace Inc. has a fifty-two week low of $42.94 and a fifty-two week high of $85.52. The business has a fifty day simple moving average of $77.70 and a 200-day simple moving average of $66.23.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the firm posted $0.42 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, analysts forecast that Howmet Aerospace Inc. will post 2.39 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 10th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Thursday, May 9th. Howmet Aerospace’s payout ratio is currently 9.66%.

Analysts Set New Price Targets

Several research firms have commented on HWM. The Goldman Sachs Group upped their price objective on Howmet Aerospace from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Barclays increased their price target on Howmet Aerospace from $65.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Benchmark reissued a “buy” rating and issued a $53.00 price objective on shares of Howmet Aerospace in a research note on Friday, April 19th. Argus raised their target price on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $72.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average price target of $74.69.

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.