2,607 Shares in Howmet Aerospace Inc. (NYSE:HWM) Purchased by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,607 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors have also added to or reduced their stakes in HWM. Vanguard Group Inc. lifted its stake in shares of Howmet Aerospace by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 45,247,674 shares of the company’s stock worth $2,448,804,000 after purchasing an additional 1,274,974 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Howmet Aerospace by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock valued at $1,223,358,000 after buying an additional 2,813,911 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Howmet Aerospace by 28.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock valued at $966,959,000 after buying an additional 3,158,186 shares in the last quarter. Norges Bank purchased a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $508,006,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Howmet Aerospace by 15.1% during the 1st quarter. Bank of New York Mellon Corp now owns 6,184,692 shares of the company’s stock worth $423,218,000 after acquiring an additional 810,681 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on HWM shares. Argus lifted their price target on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 6th. The Goldman Sachs Group boosted their target price on Howmet Aerospace from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. KeyCorp increased their price target on Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Robert W. Baird boosted their price target on Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Benchmark upped their price objective on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.67.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 32,614 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the sale, the executive vice president now directly owns 217,687 shares in the company, valued at approximately $18,342,306.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Neil Edward Marchuk sold 32,614 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the transaction, the executive vice president now owns 217,687 shares in the company, valued at approximately $18,342,306.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction 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 sale, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Howmet Aerospace Stock Performance

Shares of NYSE HWM traded up $0.53 during trading on Friday, reaching $97.08. 1,132,847 shares of the company traded hands, compared to its average volume of 3,169,256. Howmet Aerospace Inc. has a 12-month low of $42.94 and a 12-month high of $97.57. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. The stock has a market cap of $39.63 billion, a P/E ratio of 46.90, a PEG ratio of 1.58 and a beta of 1.45. The firm’s fifty day simple moving average is $84.96 and its 200 day simple moving average is $75.94.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the business earned $0.44 earnings per share. Howmet Aerospace’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, research analysts anticipate that Howmet Aerospace Inc. will post 2.6 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Friday, August 9th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Friday, August 9th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s dividend payout ratio (DPR) is currently 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.