S.A. Mason LLC Increases Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

S.A. Mason LLC increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 31.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,035 shares of the company’s stock after acquiring an additional 250 shares during the period. S.A. Mason LLC’s holdings in Howmet Aerospace were worth $71,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC raised its stake in Howmet Aerospace by 2.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 16,034 shares of the company’s stock valued at $742,000 after buying an additional 358 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Howmet Aerospace during the 3rd quarter valued at $548,000. Envestnet Asset Management Inc. raised its stake in Howmet Aerospace by 19.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 369,596 shares of the company’s stock valued at $17,094,000 after buying an additional 60,366 shares during the last quarter. LPL Financial LLC grew its position in shares of Howmet Aerospace by 14.8% during the 3rd quarter. LPL Financial LLC now owns 80,357 shares of the company’s stock valued at $3,717,000 after acquiring an additional 10,375 shares during the period. Finally, Mariner LLC grew its position in shares of Howmet Aerospace by 1.9% during the 3rd quarter. Mariner LLC now owns 23,475 shares of the company’s stock valued at $1,086,000 after acquiring an additional 439 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

Shares of HWM traded up $0.44 during midday trading on Thursday, hitting $79.44. 256,484 shares of the company traded hands, compared to its average volume of 3,211,613. The firm has a 50 day moving average of $78.28 and a 200-day moving average of $66.79. Howmet Aerospace Inc. has a 52 week low of $42.94 and a 52 week high of $85.52. The stock has a market cap of $32.43 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the company earned $0.42 EPS. The business’s revenue was up 13.8% compared to the same quarter last year. On average, analysts forecast that Howmet Aerospace Inc. will post 2.39 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 10th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Thursday, May 9th. Howmet Aerospace’s payout ratio is 9.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Howmet Aerospace from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Argus boosted their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, May 6th. BTIG Research assumed coverage on shares of Howmet Aerospace in a research report on Wednesday. They set a “buy” rating and a $95.00 price objective for the company. Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Benchmark reissued a “buy” rating and set a $53.00 price objective on shares of Howmet Aerospace in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $75.88.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 32,614 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $84.26, for a total value of $2,748,055.64. Following the completion of the transaction, the executive vice president now owns 217,687 shares of the company’s stock, valued at approximately $18,342,306.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.12% of the stock is owned by insiders.

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.