17,400 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by Verity & Verity LLC

Verity & Verity LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Get Rating) in the 4th quarter, HoldingsChannel.com reports. The firm bought 17,400 shares of the company’s stock, valued at approximately $686,000.

Several other institutional investors have also recently added to or reduced their stakes in HWM. Bessemer Group Inc. lifted its stake in Howmet Aerospace by 46,868.0% during the third quarter. Bessemer Group Inc. now owns 5,192,316 shares of the company’s stock worth $160,596,000 after purchasing an additional 5,181,261 shares during the last quarter. Prudential Financial Inc. lifted its stake in Howmet Aerospace by 605.0% during the second quarter. Prudential Financial Inc. now owns 2,323,840 shares of the company’s stock worth $72,814,000 after purchasing an additional 1,994,197 shares during the last quarter. Royal Bank of Canada lifted its stake in Howmet Aerospace by 383.3% during the first quarter. Royal Bank of Canada now owns 1,362,379 shares of the company’s stock worth $48,964,000 after purchasing an additional 1,080,491 shares during the last quarter. Point72 Asset Management L.P. increased its position in Howmet Aerospace by 61.8% during the second quarter. Point72 Asset Management L.P. now owns 2,598,804 shares of the company’s stock worth $81,732,000 after buying an additional 992,878 shares during the period. Finally, Neuberger Berman Group LLC increased its position in Howmet Aerospace by 3,224.4% during the third quarter. Neuberger Berman Group LLC now owns 925,613 shares of the company’s stock worth $28,630,000 after buying an additional 897,770 shares during the period. Hedge funds and other institutional investors own 91.49% of the company’s stock.

Howmet Aerospace Trading Down 3.1 %

NYSE:HWM opened at $39.21 on Friday. The firm has a market cap of $16.17 billion, a P/E ratio of 35.32, a PEG ratio of 1.04 and a beta of 1.46. The company has a current ratio of 2.12, a quick ratio of 1.04 and a debt-to-equity ratio of 1.17. The stock’s 50 day simple moving average is $41.14 and its 200-day simple moving average is $37.82. 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 released its earnings results on Tuesday, February 14th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $1.51 billion for 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 company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Equities analysts anticipate that Howmet Aerospace Inc. will post 1.63 EPS for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 27th. Investors of record on Friday, February 10th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Thursday, February 9th. Howmet Aerospace’s dividend payout ratio is presently 14.41%.

Analyst Ratings Changes

Several research firms have commented on HWM. KeyCorp lifted their price target on Howmet Aerospace from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, February 16th. Argus lifted their price target on Howmet Aerospace from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, February 21st. Morgan Stanley lifted their price target on Howmet Aerospace from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 15th. Truist Financial lifted their price target on Howmet Aerospace from $35.00 to $39.00 and gave the stock a “hold” rating in a research report on Wednesday, February 15th. Finally, Benchmark lowered Howmet Aerospace from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.78.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 57,000 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $43.61, for a total transaction of $2,485,770.00. Following the transaction, the executive vice president now owns 286,751 shares of the company’s stock, valued at $12,505,211.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Neil Edward Marchuk sold 57,000 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $43.61, for a total transaction of $2,485,770.00. Following the transaction, the executive vice president now owns 286,751 shares of the company’s stock, valued at $12,505,211.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Barbara Lou Shultz sold 4,627 shares of the company’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $42.16, for a total value of $195,074.32. Following the transaction, the vice president now directly owns 20,542 shares in the company, valued at approximately $866,050.72. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

About Howmet Aerospace

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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.