Central Pacific Bank Trust Division Sells 110 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Central Pacific Bank Trust Division trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,570 shares of the company’s stock after selling 110 shares during the period. Central Pacific Bank Trust Division’s holdings in Howmet Aerospace were worth $157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HWM. Capital World Investors raised its position in shares of Howmet Aerospace by 41.3% during the 4th quarter. Capital World Investors now owns 3,507,255 shares of the company’s stock valued at $189,813,000 after purchasing an additional 1,025,102 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Howmet Aerospace by 102.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 42,237 shares of the company’s stock valued at $2,286,000 after purchasing an additional 21,381 shares during the period. Cibc World Markets Corp raised its position in shares of Howmet Aerospace by 133.0% during the 4th quarter. Cibc World Markets Corp now owns 50,360 shares of the company’s stock valued at $2,725,000 after purchasing an additional 28,746 shares during the period. Vinva Investment Management Ltd raised its position in shares of Howmet Aerospace by 14.9% during the 4th quarter. Vinva Investment Management Ltd now owns 13,329 shares of the company’s stock valued at $721,000 after purchasing an additional 1,730 shares during the period. Finally, Schroder Investment Management Group increased its holdings in Howmet Aerospace by 5.0% in the 4th quarter. Schroder Investment Management Group now owns 266,890 shares of the company’s stock valued at $14,444,000 after acquiring an additional 12,718 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $102.03 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. Howmet Aerospace Inc. has a 1-year low of $42.94 and a 1-year high of $103.00. The firm has a market capitalization of $41.65 billion, a P/E ratio of 49.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. The company’s 50-day moving average is $95.29 and its 200 day moving average is $82.67.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The company had revenue of $1.88 billion for 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 firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 EPS. Research analysts forecast that Howmet Aerospace Inc. will post 2.59 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.31%. Howmet Aerospace’s dividend payout ratio is currently 15.46%.

Insiders Place Their Bets

In other Howmet Aerospace 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 value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Ken Giacobbe sold 154,909 shares of the 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 transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. This trade represents 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 accessible through this link. Also, 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 transaction of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on HWM shares. Truist Financial lifted 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. KeyCorp lifted their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. 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 report on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird lifted their price target on shares of Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.07.

Howmet Aerospace Company 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.