TFG Advisers LLC Sells 159 Shares of Howmet Aerospace Inc. (NYSE:HWM)

TFG Advisers LLC lessened its position in Howmet Aerospace Inc. (NYSE:HWM) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,129 shares of the company’s stock after selling 159 shares during the period. TFG Advisers LLC’s holdings in Howmet Aerospace were worth $414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HWM. Massmutual Trust Co. FSB ADV raised its holdings in Howmet Aerospace by 6.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after acquiring an additional 124 shares during the last quarter. Cigna Investments Inc. New raised its stake in shares of Howmet Aerospace by 3.8% in the second quarter. Cigna Investments Inc. New now owns 4,178 shares of the company’s stock worth $324,000 after purchasing an additional 153 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Howmet Aerospace by 3.2% during the first quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock valued at $348,000 after purchasing an additional 158 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Howmet Aerospace by 4.9% during the second quarter. HB Wealth Management LLC now owns 3,664 shares of the company’s stock valued at $284,000 after buying an additional 171 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Howmet Aerospace by 7.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock worth $203,000 after buying an additional 178 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HWM. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Truist Financial raised their target price on shares of Howmet Aerospace from $105.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, October 18th. BTIG Research boosted their target price on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Susquehanna began coverage on Howmet Aerospace in a research note on Tuesday, October 8th. They issued a “positive” rating and a $120.00 price target on the stock. Finally, Sanford C. Bernstein upped their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.50.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on 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 sale, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was 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 owns 155,135 shares in the company, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

Howmet Aerospace Price Performance

NYSE:HWM traded up $0.25 during trading hours on Wednesday, hitting $102.90. 297,866 shares of the stock traded hands, compared to its average volume of 2,967,888. The stock has a 50 day moving average price of $98.40 and a 200 day moving average price of $86.01. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. The company has a market cap of $42.00 billion, a price-to-earnings ratio of 49.59, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46. Howmet Aerospace Inc. has a 1 year low of $42.94 and a 1 year high of $106.93.

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

Howmet Aerospace Announces Dividend

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

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.