Howmet Aerospace Inc. (NYSE:HWM) Stock Holdings Increased by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,945 shares of the company’s stock after acquiring an additional 292 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in Howmet Aerospace were worth $475,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HWM. Whittier Trust Co. raised its stake in Howmet Aerospace by 81.4% during the 1st quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after acquiring an additional 228 shares in the last quarter. Lindbrook Capital LLC raised its stake in Howmet Aerospace by 34.4% during the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after acquiring an additional 229 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Howmet Aerospace by 62.9% in the 4th quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock worth $53,000 after buying an additional 377 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Howmet Aerospace by 33.1% in the 4th quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after buying an additional 271 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Howmet Aerospace in the 1st quarter worth $68,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 13.2 %

Shares of HWM stock traded up $10.96 on Tuesday, reaching $93.81. 7,590,079 shares of the company’s stock traded hands, compared to its average volume of 3,236,461. Howmet Aerospace Inc. has a 12-month low of $42.94 and a 12-month high of $94.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97. The company has a market capitalization of $38.29 billion, a P/E ratio of 45.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. The business’s 50 day moving average price is $81.38 and its two-hundred day moving average price is $71.45.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. Howmet Aerospace’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities analysts forecast that Howmet Aerospace Inc. will post 2.39 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 9th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.34%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s payout ratio is 9.66%.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $84.26, for a total value of $2,748,055.64. Following the transaction, the executive vice president now owns 217,687 shares in the company, valued at $18,342,306.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. KeyCorp boosted their price objective on Howmet Aerospace from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Barclays boosted their price objective on Howmet Aerospace from $65.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Truist Financial boosted their price objective on Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Northcoast Research reissued a “sell” rating and issued a $70.00 price objective on shares of Howmet Aerospace in a research note on Friday, June 14th. Finally, Royal Bank of Canada boosted their price objective on Howmet Aerospace from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. One 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.76.

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.