Inspire Investing LLC Makes New $889,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

Inspire Investing LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,866 shares of the company’s stock, valued at approximately $889,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after buying an additional 1,900 shares during the last quarter. Private Advisory Group LLC boosted its stake in shares of Howmet Aerospace by 104.6% in the 3rd quarter. Private Advisory Group LLC now owns 26,502 shares of the company’s stock worth $2,657,000 after buying an additional 13,551 shares during the last quarter. Sendero Wealth Management LLC purchased a new position in shares of Howmet Aerospace in the 3rd quarter worth approximately $1,353,000. UMB Bank n.a. boosted its stake in shares of Howmet Aerospace by 28.3% in the 3rd quarter. UMB Bank n.a. now owns 1,130 shares of the company’s stock worth $113,000 after buying an additional 249 shares during the last quarter. Finally, Perpetual Ltd boosted its stake in shares of Howmet Aerospace by 54.2% in the 3rd quarter. Perpetual Ltd now owns 8,012 shares of the company’s stock worth $803,000 after buying an additional 2,816 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Analysts Set New Price Targets

HWM has been the topic of a number of research analyst reports. Susquehanna initiated coverage on Howmet Aerospace in a research note on Tuesday, October 8th. They issued a “positive” rating and a $120.00 target price on the stock. BTIG Research upped their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Robert W. Baird upped their price objective on Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, KeyCorp upped their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus target price of $96.63.

Howmet Aerospace Trading Down 1.1 %

Howmet Aerospace stock opened at $102.65 on Tuesday. The stock has a market cap of $41.90 billion, a P/E ratio of 49.59, a PEG ratio of 1.51 and a beta of 1.46. Howmet Aerospace Inc. has a fifty-two week low of $42.94 and a fifty-two week high of $104.42. The firm’s fifty day moving average price is $96.77 and its 200-day moving average price is $84.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Equities research analysts forecast that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.31%. Howmet Aerospace’s payout ratio is 15.46%.

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.