SG Americas Securities LLC Sells 34,552 Shares of Howmet Aerospace Inc. (NYSE:HWM)

SG Americas Securities LLC lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,604 shares of the company’s stock after selling 34,552 shares during the quarter. SG Americas Securities LLC’s holdings in Howmet Aerospace were worth $19,409,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HWM. Vanguard Group Inc. boosted its position in Howmet Aerospace by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 45,247,674 shares of the company’s stock worth $2,448,804,000 after purchasing an additional 1,274,974 shares during the period. JPMorgan Chase & Co. boosted its position in Howmet Aerospace by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock worth $1,223,358,000 after purchasing an additional 2,813,911 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Howmet Aerospace by 28.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after purchasing an additional 3,158,186 shares during the period. Lone Pine Capital LLC bought a new position in Howmet Aerospace during the second quarter worth about $284,539,000. Finally, Capital World Investors boosted its position in Howmet Aerospace by 41.3% during the fourth quarter. Capital World Investors now owns 3,507,255 shares of the company’s stock worth $189,813,000 after purchasing an additional 1,025,102 shares during the period. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HWM shares. Benchmark increased their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. lifted their price target 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. Northcoast Research reissued a “sell” rating and set a $70.00 price target on shares of Howmet Aerospace in a research note on Friday, June 14th. Truist Financial lifted their price target on shares of Howmet Aerospace from $88.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays lifted their price target 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 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.07.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Howmet Aerospace 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 approximately $8,985,077.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction dated 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by insiders.

Howmet Aerospace Trading Up 1.3 %

NYSE:HWM traded up $1.28 during trading hours on Friday, hitting $102.03. The company had a trading volume of 2,063,335 shares, compared to its average volume of 3,046,935. The company has a market capitalization of $41.65 billion, a PE ratio of 49.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. The stock has a 50-day moving average price of $95.29 and a 200 day moving average price of $82.67. Howmet Aerospace Inc. has a 52 week low of $42.94 and a 52 week high of $103.00. 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 (NYSE:HWM) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, beating the consensus estimate 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 return on equity of 23.02% and a net margin of 13.15%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. On average, equities research analysts predict that Howmet Aerospace Inc. will post 2.59 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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