Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,109 shares of the company’s stock after selling 1,566 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Howmet Aerospace were worth $6,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in Howmet Aerospace by 0.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company’s stock valued at $1,445,210,000 after acquiring an additional 80,972 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Howmet Aerospace by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock worth $1,197,315,000 after purchasing an additional 1,026,130 shares in the last quarter. Capital World Investors lifted its holdings in shares of Howmet Aerospace by 13.3% in the 4th quarter. Capital World Investors now owns 4,855,273 shares of the company’s stock valued at $531,021,000 after purchasing an additional 570,567 shares during the last quarter. Northern Trust Corp boosted its position in shares of Howmet Aerospace by 10.5% in the 4th quarter. Northern Trust Corp now owns 3,676,908 shares of the company’s stock valued at $402,143,000 after purchasing an additional 349,384 shares during the period. Finally, Capital Research Global Investors grew its stake in Howmet Aerospace by 0.4% during the 4th quarter. Capital Research Global Investors now owns 3,144,837 shares of the company’s stock worth $343,959,000 after buying an additional 13,865 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Down 0.3%

HWM stock opened at $181.49 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The company’s 50-day moving average price is $179.32 and its 200 day moving average price is $150.71. Howmet Aerospace Inc. has a 52 week low of $88.52 and a 52 week high of $193.26. The company has a market cap of $73.17 billion, a P/E ratio of 53.07, a P/E/G ratio of 2.32 and a beta of 1.48.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 EPS. On average, research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.3%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, August 8th. Howmet Aerospace’s dividend payout ratio is currently 11.70%.

Insider Buying and Selling at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the sale, the executive vice president directly owned 131,859 shares of the company’s stock, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the transaction, the chief executive officer owned 236,544 shares of the company’s stock, valued at $37,127,946.24. This trade represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HWM has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Truist Financial upped their target price on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a “buy” rating in a report on Thursday, June 12th. Wells Fargo & Company raised their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. UBS Group upped their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Finally, BTIG Research set a $205.00 price objective on Howmet Aerospace and gave the stock a “buy” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $172.13.

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.