Landscape Capital Management L.L.C. increased its stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 37.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,326 shares of the company’s stock after purchasing an additional 6,125 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Howmet Aerospace were worth $4,381,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of HWM. Brighton Jones LLC boosted its stake in Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock valued at $279,000 after purchasing an additional 130 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Howmet Aerospace during the first quarter worth approximately $399,000. Sivia Capital Partners LLC bought a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $216,000. Penserra Capital Management LLC grew its stake in shares of Howmet Aerospace by 450.0% in the second quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock worth $36,000 after acquiring an additional 162 shares during the last quarter. Finally, AE Wealth Management LLC grew its stake in shares of Howmet Aerospace by 98.6% in the second quarter. AE Wealth Management LLC now owns 4,486 shares of the company’s stock worth $835,000 after acquiring an additional 2,227 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Howmet Aerospace Price Performance
HWM traded down $6.42 during midday trading on Friday, reaching $237.40. 301,557 shares of the company’s stock were exchanged, compared to its average volume of 2,679,686. The company has a quick ratio of 1.09, a current ratio of 2.13 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $232.78 and a two-hundred day simple moving average of $208.04. The firm has a market capitalization of $95.18 billion, a price-to-earnings ratio of 63.91, a price-to-earnings-growth ratio of 2.33 and a beta of 1.21. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $267.31.
Howmet Aerospace Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.94%.
Insider Buying and Selling at Howmet Aerospace
In other news, VP Barbara Lou Shultz sold 1,000 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $260.00, for a total value of $260,000.00. Following the sale, the vice president owned 23,874 shares in the company, valued at approximately $6,207,240. The trade was a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil Edward Marchuk sold 45,150 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $251.70, for a total transaction of $11,364,255.00. Following the sale, the executive vice president owned 107,008 shares of the company’s stock, valued at $26,933,913.60. This trade represents a 29.67% decrease in their position. The SEC filing for this sale provides additional information. 1.04% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on HWM. BNP Paribas Exane began coverage on shares of Howmet Aerospace in a report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price target for the company. Morgan Stanley reissued an “overweight” rating and set a $280.00 target price on shares of Howmet Aerospace in a research report on Friday, February 13th. UBS Group boosted their price target on Howmet Aerospace from $228.00 to $260.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Truist Financial set a $280.00 price objective on Howmet Aerospace in a research report on Wednesday. Finally, The Goldman Sachs Group set a $228.00 price objective on Howmet Aerospace in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $256.15.
Get Our Latest Stock Analysis on Howmet Aerospace
Howmet Aerospace Company Profile
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.
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