Neil Edward Marchuk Sells 57,000 Shares of Howmet Aerospace Inc. (NYSE:HWM) Stock

Howmet Aerospace Inc. (NYSE:HWM – Get Rating) EVP Neil Edward Marchuk sold 57,000 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $43.61, for a total value of $2,485,770.00. Following the completion of the sale, the executive vice president now owns 286,751 shares in the company, valued at $12,505,211.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM opened at $42.06 on Friday. The firm has a market capitalization of $17.34 billion, a PE ratio of 37.89, a P/E/G ratio of 1.11 and a beta of 1.46. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.12 and a quick ratio of 1.04. The business has a 50-day moving average of $41.07 and a two-hundred day moving average of $37.67. Howmet Aerospace Inc. has a 12 month low of $29.84 and a 12 month high of $44.37.

Howmet Aerospace (NYSE:HWM – Get Rating) last announced its quarterly earnings results on Tuesday, February 14th. The company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. Howmet Aerospace had a return on equity of 17.53% and a net margin of 8.28%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. As a group, research analysts forecast that Howmet Aerospace Inc. will post 1.63 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 27th. Stockholders of record on Friday, February 10th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.38%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.41%.

Institutional Investors Weigh In On Howmet Aerospace

Large investors have recently modified their holdings of the stock. Verition Fund Management LLC grew its stake in shares of Howmet Aerospace by 105.7% in the second quarter. Verition Fund Management LLC now owns 145,302 shares of the company’s stock valued at $4,570,000 after buying an additional 74,666 shares in the last quarter. Clear Street Markets LLC grew its stake in shares of Howmet Aerospace by 52.6% in the third quarter. Clear Street Markets LLC now owns 1,196 shares of the company’s stock valued at $37,000 after buying an additional 412 shares in the last quarter. Prudential PLC grew its stake in shares of Howmet Aerospace by 9.6% in the third quarter. Prudential PLC now owns 9,838 shares of the company’s stock valued at $304,000 after buying an additional 862 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Howmet Aerospace by 7.7% in the third quarter. Envestnet Asset Management Inc. now owns 208,383 shares of the company’s stock valued at $6,445,000 after buying an additional 14,936 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Howmet Aerospace by 6.1% in the second quarter. State of Michigan Retirement System now owns 101,545 shares of the company’s stock valued at $3,194,000 after buying an additional 5,800 shares in the last quarter. Institutional investors and hedge funds own 91.49% of the company’s stock.

Wall Street Analyst Weigh In

HWM has been the topic of several recent research reports. Benchmark downgraded Howmet Aerospace from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Argus upped their target price on Howmet Aerospace from $43.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, February 21st. Morgan Stanley upped their target price on Howmet Aerospace from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, February 15th. Wells Fargo & Company upped their target price on Howmet Aerospace from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 15th. Finally, Truist Financial upped their target price on Howmet Aerospace from $35.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, February 15th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $44.78.

Howmet Aerospace Company Profile

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Howmet Aerospace, Inc engages in provision of engineered solutions for the aerospace and transportation industries. It operates through the following segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines (aerospace commercial and defense) and industrial gas turbines.