Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Symmetry Investments LP

Symmetry Investments LP decreased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 20.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,300 shares of the company’s stock after selling 6,300 shares during the quarter. Symmetry Investments LP’s holdings in Howmet Aerospace were worth $1,886,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HWM. AE Wealth Management LLC purchased a new stake in Howmet Aerospace in the second quarter valued at approximately $265,000. Canada Pension Plan Investment Board grew its holdings in Howmet Aerospace by 25.4% during the second quarter. Canada Pension Plan Investment Board now owns 302,049 shares of the company’s stock worth $23,448,000 after acquiring an additional 61,202 shares during the period. Intech Investment Management LLC lifted its holdings in Howmet Aerospace by 9.0% in the second quarter. Intech Investment Management LLC now owns 81,814 shares of the company’s stock valued at $6,351,000 after acquiring an additional 6,769 shares during the period. XTX Topco Ltd purchased a new stake in Howmet Aerospace in the 2nd quarter worth approximately $1,880,000. Finally, Seven Eight Capital LP acquired a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $815,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.0 %

HWM opened at $97.42 on Friday. The firm has a market capitalization of $39.77 billion, a price-to-earnings ratio of 47.06, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46. The company’s 50 day simple moving average is $91.31 and its two-hundred day simple moving average is $80.37. Howmet Aerospace Inc. has a 1-year low of $42.94 and a 1-year high of $98.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74.

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, beating the consensus estimate of $0.60 by $0.07. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. Analysts expect that Howmet Aerospace Inc. will post 2.59 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Friday, August 9th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s dividend payout ratio (DPR) is presently 15.46%.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’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 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 legal filing with the SEC, which can be accessed through this link. 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 completion of the sale, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the company’s 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 completion of the transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

Analysts Set New Price Targets

HWM has been the topic of a number of recent analyst reports. Benchmark increased their price target 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. KeyCorp upped their price target on Howmet Aerospace from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Truist Financial boosted their price objective on Howmet Aerospace from $88.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Northcoast Research reissued a “sell” rating and issued a $70.00 price target on shares of Howmet Aerospace in a report on Friday, June 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.