Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,873 shares of the company’s stock after selling 388 shares during the quarter. Amalgamated Bank’s holdings in Howmet Aerospace were worth $6,201,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Quadrant Capital Group LLC raised its stake in shares of Howmet Aerospace by 62.9% in the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock worth $53,000 after purchasing an additional 377 shares during the last quarter. Brown Advisory Inc. purchased a new position in Howmet Aerospace during the 4th quarter worth approximately $204,000. PNC Financial Services Group Inc. lifted its stake in Howmet Aerospace by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 52,108 shares of the company’s stock valued at $2,820,000 after acquiring an additional 1,397 shares during the period. UBS Group AG boosted its holdings in shares of Howmet Aerospace by 13.4% in the 4th quarter. UBS Group AG now owns 1,099,995 shares of the company’s stock valued at $59,532,000 after acquiring an additional 130,045 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth $316,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

HWM has been the topic of several recent research reports. Truist Financial upped their price target on shares of Howmet Aerospace from $88.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird upped their target price on Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. BTIG Research raised their target price on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Royal Bank of Canada boosted their price target on Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Barclays raised their price objective on shares of Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $90.67.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $97.43 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53. The firm has a market cap of $39.77 billion, a PE ratio of 47.07, a PEG ratio of 1.41 and a beta of 1.46. Howmet Aerospace Inc. has a one year low of $42.94 and a one year high of $98.15. The firm has a fifty day moving average of $90.95 and a 200 day moving average of $80.16.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, research analysts predict that Howmet Aerospace Inc. will post 2.59 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 9th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.33%. Howmet Aerospace’s payout ratio is currently 15.46%.

Insider Transactions at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction on Thursday, August 22nd. The stock was 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. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, 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 transaction of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction dated Friday, August 23rd. The shares were 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 of the company’s stock, valued at approximately $8,985,077.78. The disclosure for this sale can be found here. Corporate 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.