AustralianSuper Pty Ltd Buys 34,698 Shares of Howmet Aerospace Inc. (NYSE:HWM)

AustralianSuper Pty Ltd increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 69.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,592 shares of the company’s stock after acquiring an additional 34,698 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Howmet Aerospace were worth $8,480,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Cultivar Capital Inc. bought a new stake in shares of Howmet Aerospace during the second quarter valued at approximately $26,000. LGT Financial Advisors LLC raised its holdings in Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after buying an additional 262 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Howmet Aerospace during the second quarter valued at about $32,000. Versant Capital Management Inc boosted its stake in Howmet Aerospace by 1,209.1% during the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after purchasing an additional 399 shares during the last quarter. Finally, Whittier Trust Co. boosted 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 purchasing an additional 228 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Down 1.7 %

Howmet Aerospace stock traded down $1.68 during trading hours on Thursday, hitting $99.46. The stock had a trading volume of 666,264 shares, compared to its average volume of 2,950,374. The stock’s 50-day moving average price is $99.10 and its 200-day moving average price is $87.37. Howmet Aerospace Inc. has a 12-month low of $43.50 and a 12-month high of $106.93. 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 stock has a market capitalization of $40.59 billion, a P/E ratio of 48.91, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS. Equities research analysts anticipate that Howmet Aerospace Inc. will post 2.59 EPS 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. Stockholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s payout ratio is currently 15.46%.

Insider Activity at Howmet Aerospace

In other news, CFO Ken Giacobbe sold 154,909 shares of the business’s 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 of the company’s stock, valued at $14,982,938.30. The trade was 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 available at the SEC website. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the transaction, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at $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. 1.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HWM. Susquehanna started coverage on shares of Howmet Aerospace in a research report on Tuesday, October 8th. They issued a “positive” rating and a $120.00 price objective for the company. Barclays increased their price target on Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. BTIG Research lifted their target price on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price target on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.50.

Howmet Aerospace 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.