Nilsine Partners LLC Takes $216,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

Nilsine Partners LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 3,159 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors have also recently made changes to their positions in HWM. AE Wealth Management LLC purchased a new position in shares of Howmet Aerospace during the third quarter valued at $262,000. Czech National Bank grew its stake in Howmet Aerospace by 57.2% in the third quarter. Czech National Bank now owns 68,443 shares of the company’s stock valued at $3,165,000 after purchasing an additional 24,900 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in Howmet Aerospace by 6.7% in the third quarter. Valeo Financial Advisors LLC now owns 4,371 shares of the company’s stock valued at $202,000 after purchasing an additional 274 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in Howmet Aerospace in the third quarter valued at about $31,000. Finally, Cavalier Investments LLC grew its stake in Howmet Aerospace by 3.8% in the third quarter. Cavalier Investments LLC now owns 71,243 shares of the company’s stock valued at $3,295,000 after purchasing an additional 2,621 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the sale, the executive vice president now owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HWM. Sanford C. Bernstein began coverage on Howmet Aerospace in a research note on Friday, January 5th. They issued an “outperform” rating and a $67.00 target price on the stock. Truist Financial upgraded Howmet Aerospace from a “hold” rating to a “buy” rating and lifted their target price for the company from $47.00 to $74.00 in a research note on Wednesday, January 10th. The Goldman Sachs Group lifted their target price on Howmet Aerospace from $65.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. UBS Group lifted their target price on Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, Robert W. Baird boosted their price target on Howmet Aerospace from $65.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.00.

Howmet Aerospace Stock Down 0.5 %

Shares of HWM stock traded down $0.36 during trading hours on Tuesday, reaching $66.75. 4,908,316 shares of the company’s stock were exchanged, compared to its average volume of 3,361,126. Howmet Aerospace Inc. has a 1 year low of $42.17 and a 1 year high of $69.55. The stock has a market cap of $27.26 billion, a PE ratio of 36.48, a PEG ratio of 1.73 and a beta of 1.43. The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.88. The stock’s fifty day moving average price is $66.13 and its two-hundred day moving average price is $57.53.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue was up 14.4% compared to the same quarter last year. Research analysts predict that Howmet Aerospace Inc. will post 2.18 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 10th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Thursday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is 10.93%.

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.