Mutual of America Capital Management LLC Lowers Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Mutual of America Capital Management LLC trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 48,923 shares of the company’s stock after selling 2,377 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Howmet Aerospace were worth $3,798,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HWM. Price T Rowe Associates Inc. MD grew its holdings in shares of Howmet Aerospace by 28.8% during 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 buying an additional 3,158,186 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Howmet Aerospace by 18.7% in the 1st quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock worth $1,223,358,000 after purchasing an additional 2,813,911 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Howmet Aerospace by 986.0% in the 1st quarter. TD Asset Management Inc now owns 2,697,449 shares of the company’s stock worth $184,586,000 after purchasing an additional 2,449,057 shares in the last quarter. Capital Research Global Investors bought a new position in shares of Howmet Aerospace during the first quarter valued at $148,996,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Howmet Aerospace by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 45,247,674 shares of the company’s stock valued at $2,448,804,000 after purchasing an additional 1,274,974 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

NYSE HWM opened at $97.45 on Monday. 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 Inc. has a 12 month low of $42.94 and a 12 month high of $98.29. The stock has a market cap of $39.78 billion, a price-to-earnings ratio of 47.08, a PEG ratio of 1.41 and a beta of 1.46. The company’s 50 day moving average is $91.31 and its two-hundred day moving average is $80.54.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.60 by $0.07. The firm had revenue of $1.88 billion for 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 revenue was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. As a group, research analysts anticipate that Howmet Aerospace Inc. will post 2.59 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm 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 is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.33%. Howmet Aerospace’s dividend payout ratio is 15.46%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. 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 report on Wednesday, July 31st. Northcoast Research restated a “sell” rating and set a $70.00 price objective on shares of Howmet Aerospace in a research report on Friday, June 14th. Benchmark lifted their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. KeyCorp increased their price target on Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, BTIG Research raised 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $90.67.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the company’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 transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, 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 value of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction 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 owns 155,135 shares of the company’s stock, 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 company insiders.

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.