2,695 Shares in Howmet Aerospace Inc. (NYSE:HWM) Bought by Wealthspire Advisors LLC

Wealthspire Advisors LLC purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,695 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HWM. Price T Rowe Associates Inc. MD lifted its holdings in Howmet Aerospace by 28.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock valued at $966,959,000 after acquiring an additional 3,158,186 shares during the period. JPMorgan Chase & Co. lifted its holdings in Howmet Aerospace by 18.7% in the first quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock valued at $1,223,358,000 after acquiring an additional 2,813,911 shares during the period. TD Asset Management Inc lifted its holdings in Howmet Aerospace by 986.0% in the first quarter. TD Asset Management Inc now owns 2,697,449 shares of the company’s stock valued at $184,586,000 after acquiring an additional 2,449,057 shares during the period. Capital Research Global Investors acquired a new stake in Howmet Aerospace in the first quarter valued at $148,996,000. Finally, Vanguard Group Inc. lifted its holdings in Howmet Aerospace by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 45,247,674 shares of the company’s stock valued at $2,448,804,000 after acquiring an additional 1,274,974 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the business’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 directly owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HWM has been the subject of a number of recent analyst reports. KeyCorp raised their target price on Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. BTIG Research lifted their price target on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Benchmark lifted their price target on Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Northcoast Research reaffirmed a “sell” rating and set a $70.00 price target on shares of Howmet Aerospace in a research note on Friday, June 14th. Finally, Royal Bank of Canada lifted their price target on Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus target price of $90.67.

Howmet Aerospace Stock Down 0.6 %

Shares of NYSE:HWM opened at $94.57 on Wednesday. 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 Inc. has a 1 year low of $42.94 and a 1 year high of $98.15. The stock has a market capitalization of $38.60 billion, a P/E ratio of 45.69, a PEG ratio of 1.41 and a beta of 1.46. The stock has a 50-day simple moving average of $90.30 and a 200-day simple moving average of $79.94.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities analysts forecast that Howmet Aerospace Inc. will post 2.59 earnings per share for the current year.

Howmet Aerospace Increases Dividend

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

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.