Inceptionr LLC lowered its position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 59.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,100 shares of the company’s stock after selling 3,076 shares during the quarter. Inceptionr LLC’s holdings in Howmet Aerospace were worth $412,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of HWM. Traub Capital Management LLC bought a new stake in Howmet Aerospace during the 2nd quarter valued at $25,000. Winnow Wealth LLC purchased a new position in shares of Howmet Aerospace during the second quarter valued at $25,000. Newbridge Financial Services Group Inc. increased its stake in shares of Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after buying an additional 73 shares during the period. Tradewinds Capital Management LLC raised its holdings in shares of Howmet Aerospace by 52.0% in the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after acquiring an additional 52 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Howmet Aerospace during the 2nd quarter worth $32,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Howmet Aerospace Stock Performance
Shares of HWM stock opened at $251.73 on Thursday. The business has a fifty day moving average of $232.00 and a 200 day moving average of $207.79. Howmet Aerospace Inc. has a 1 year low of $105.04 and a 1 year high of $267.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.13 and a quick ratio of 1.09. The firm has a market capitalization of $100.93 billion, a price-to-earnings ratio of 67.85, a price-to-earnings-growth ratio of 2.35 and a beta of 1.21.
Howmet Aerospace Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Friday, February 6th were given a $0.12 dividend. The ex-dividend date was Friday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is currently 12.94%.
Insider Activity at Howmet Aerospace
In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,000 shares of Howmet Aerospace stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $260.00, for a total transaction of $260,000.00. Following the completion of the sale, the vice president directly owned 23,874 shares in the company, valued at approximately $6,207,240. The trade was a 4.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Neil Edward Marchuk sold 45,150 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $251.70, for a total transaction of $11,364,255.00. Following the completion of the sale, the executive vice president directly owned 107,008 shares in the company, valued at $26,933,913.60. This trade represents a 29.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.04% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on HWM. BNP Paribas Exane started coverage on Howmet Aerospace in a research report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 target price on the stock. Bank of America boosted their price target on Howmet Aerospace from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Truist Financial set a $280.00 price objective on shares of Howmet Aerospace in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $227.00 to $265.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Finally, Wolfe Research set a $270.00 target price on shares of Howmet Aerospace and gave the stock an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.15.
Check Out Our Latest Research Report on Howmet Aerospace
Howmet Aerospace Profile
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.
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