Intech Investment Management LLC Grows Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Intech Investment Management LLC increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 9.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,814 shares of the company’s stock after buying an additional 6,769 shares during the quarter. Intech Investment Management LLC’s holdings in Howmet Aerospace were worth $6,351,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HWM. Quadrant Capital Group LLC grew its holdings in shares of Howmet Aerospace by 62.9% during the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock worth $53,000 after buying an additional 377 shares during the last quarter. Brown Advisory Inc. acquired a new stake in Howmet Aerospace in the fourth quarter valued at about $204,000. PNC Financial Services Group Inc. lifted its position in Howmet Aerospace by 2.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 52,108 shares of the company’s stock valued at $2,820,000 after purchasing an additional 1,397 shares during the period. Coldstream Capital Management Inc. acquired a new stake in Howmet Aerospace in the fourth quarter valued at about $316,000. Finally, Wells Fargo & Company MN lifted its position in Howmet Aerospace by 18.4% in the fourth quarter. Wells Fargo & Company MN now owns 336,399 shares of the company’s stock valued at $18,206,000 after purchasing an additional 52,206 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Ken Giacobbe sold 154,909 shares of the company’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 completion of the transaction, the chief financial officer now 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 is available at this hyperlink. 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 shares were 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 legal filing with the SEC, which is available through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the business’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 transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective 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. Barclays raised their price objective on shares of Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Benchmark raised their price objective on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 12th. KeyCorp raised their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, BTIG Research lifted their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 5th. One 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. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $90.67.

Howmet Aerospace Trading Up 0.0 %

Howmet Aerospace stock opened at $97.45 on Friday. The stock has a 50-day moving average price of $91.31 and a 200 day moving average price of $80.45. Howmet Aerospace Inc. has a 52 week low of $42.94 and a 52 week high of $98.29. The stock has a market cap of $39.78 billion, a PE ratio of 47.08, a P/E/G ratio of 1.41 and a beta of 1.46. 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 (NYSE:HWM) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the firm posted $0.44 EPS. Howmet Aerospace’s revenue was up 14.1% on a year-over-year basis. Equities research analysts predict that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

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

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.