Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 19.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,966 shares of the company’s stock after selling 1,417 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Howmet Aerospace were worth $463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Wealthspire Advisors LLC acquired a new position in Howmet Aerospace during the second quarter valued at $209,000. Blair William & Co. IL boosted its stake in shares of Howmet Aerospace by 51.6% in the first quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock worth $1,744,000 after buying an additional 8,676 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in Howmet Aerospace by 70.1% during the first quarter. Los Angeles Capital Management LLC now owns 1,273,290 shares of the company’s stock worth $87,131,000 after acquiring an additional 524,805 shares during the period. Quadrature Capital Ltd raised its position in Howmet Aerospace by 303.8% during the fourth quarter. Quadrature Capital Ltd now owns 23,629 shares of the company’s stock valued at $1,279,000 after acquiring an additional 17,777 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Howmet Aerospace by 67.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 80,414 shares of the company’s stock valued at $5,431,000 after acquiring an additional 32,431 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of analyst reports. Northcoast Research reaffirmed a “sell” rating and set a $70.00 price objective on shares of Howmet Aerospace in a research note on Friday, June 14th. 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. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their price target on Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, BTIG Research upped their price target on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a report 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.67.

Insider Transactions at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction that occurred 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 in the company, valued at $14,982,938.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Neil Edward Marchuk sold 70,637 shares of the 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 owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred 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 sale, 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. Insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Up 1.2 %

Shares of HWM opened at $98.63 on Tuesday. The stock has a 50 day moving average price of $91.71 and a 200 day moving average price of $80.74. 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 stock has a market capitalization of $40.26 billion, a price-to-earnings ratio of 47.65, 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 $98.97.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates 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 for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Equities research analysts forecast that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were issued a dividend of $0.08 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.05. This represents a $0.32 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, August 9th. Howmet Aerospace’s payout ratio is currently 15.46%.

About Howmet Aerospace

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.