2,580 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,580 shares of the company’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth about $508,006,000. Price T Rowe Associates Inc. MD lifted 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 acquiring an additional 3,158,186 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of 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 acquiring an additional 2,813,911 shares during the period. TD Asset Management Inc grew its position in shares of Howmet Aerospace by 986.0% in the first quarter. TD Asset Management Inc now owns 2,697,449 shares of the company’s stock valued at $184,586,000 after purchasing an additional 2,449,057 shares during the last quarter. Finally, Capital Research Global Investors bought a new position in shares of Howmet Aerospace during the first quarter worth approximately $148,996,000. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HWM. KeyCorp upped their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Northcoast Research restated a “sell” rating and issued a $70.00 price target on shares of Howmet Aerospace in a research note on Friday, June 14th. Truist Financial lifted their price objective 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. 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. Finally, Barclays raised their target price on shares of Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. One research 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. According to data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $90.67.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 32,614 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $84.26, for a total value of $2,748,055.64. Following the sale, the executive vice president now owns 217,687 shares in the company, valued at approximately $18,342,306.62. The disclosure for this sale can be found here. Insiders sold a total of 258,160 shares of company stock valued at $24,556,718 in the last quarter. Insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Down 0.3 %

NYSE HWM opened at $96.66 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $42.94 and a fifty-two week high of $98.15. The business has a fifty day moving average price of $86.64 and a two-hundred day moving average price of $77.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.92. The stock has a market capitalization of $39.45 billion, a PE ratio of 46.70, a PEG ratio of 1.58 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data 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. The business had revenue of $1.88 billion for 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%. Howmet Aerospace’s revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Equities analysts expect that Howmet Aerospace Inc. will post 2.6 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.33%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, August 9th. Howmet Aerospace’s dividend 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.