Exchange Traded Concepts LLC Invests $553,000 in Howmet Aerospace Inc. (NYSE:HWM)

Exchange Traded Concepts LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,514 shares of the company’s stock, valued at approximately $553,000.

Other large investors have also made changes to their positions in the company. Senator Investment Group LP grew its holdings in shares of Howmet Aerospace by 24.8% in the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock worth $12,110,000 after purchasing an additional 31,000 shares during the last quarter. Wealthspire Advisors LLC bought a new stake in Howmet Aerospace during the 2nd quarter worth about $209,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after purchasing an additional 1,900 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Howmet Aerospace by 51.6% in the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock valued at $1,744,000 after purchasing an additional 8,676 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Howmet Aerospace by 67.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 80,414 shares of the company’s stock valued at $5,431,000 after purchasing an additional 32,431 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.6 %

HWM stock opened at $105.58 on Friday. 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 company has a fifty day moving average price of $97.95 and a two-hundred day moving average price of $85.19. Howmet Aerospace Inc. has a one year low of $42.94 and a one year high of $106.76. The stock has a market cap of $43.10 billion, a price-to-earnings ratio of 51.00, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46.

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

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is currently 15.46%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Royal Bank of Canada raised their target price on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. KeyCorp raised their target price on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Truist Financial raised their target price on shares of Howmet Aerospace from $105.00 to $123.00 and gave the stock a “buy” rating in a report on Friday. Finally, Benchmark lifted their price objective on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $97.75.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction dated 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 owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction dated 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 owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction dated 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 approximately $14,982,938.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

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.