Tredje AP fonden Trims Position in Howmet Aerospace Inc. (NYSE:HWM)

Tredje AP fonden trimmed its position in Howmet Aerospace Inc. (NYSE:HWM) by 53.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,049 shares of the company’s stock after selling 70,689 shares during the quarter. Tredje AP fonden’s holdings in Howmet Aerospace were worth $4,739,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Cultivar Capital Inc. bought a new position in shares of Howmet Aerospace during the second quarter valued at approximately $26,000. LGT Financial Advisors LLC boosted 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 valued at $28,000 after acquiring an additional 262 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at $32,000. Versant Capital Management Inc raised its position 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 worth $34,000 after acquiring an additional 399 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in shares of Howmet Aerospace by 81.4% during the 1st quarter. Whittier Trust Co. now owns 508 shares of the company’s stock worth $35,000 after purchasing an additional 228 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Up 0.1 %

HWM stock opened at $94.68 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74. The firm’s fifty day simple moving average is $90.59 and its 200-day simple moving average is $80.04. Howmet Aerospace Inc. has a 12 month low of $42.94 and a 12 month high of $98.15. The company has a market capitalization of $38.65 billion, a P/E ratio of 45.74, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.60 by $0.07. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.83 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 earnings per share. As a group, equities research 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. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.05. This represents a $0.32 annualized dividend and a yield of 0.34%. The ex-dividend date was Friday, August 9th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 15.46%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Northcoast Research reiterated a “sell” rating and issued a $70.00 target price on shares of Howmet Aerospace in a report on Friday, June 14th. Benchmark raised their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 12th. KeyCorp increased their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted 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. Finally, Truist Financial increased their price target on Howmet Aerospace from $88.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $90.67.

Insider Buying and Selling at Howmet Aerospace

In other news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of 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 legal filing with the SEC, which is available through the SEC website. In other 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 value of $6,847,550.78. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

Howmet Aerospace Company 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.