Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Mather Group LLC.

Mather Group LLC. increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,603 shares of the company’s stock after acquiring an additional 239 shares during the period. Mather Group LLC.’s holdings in Howmet Aerospace were worth $590,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in Howmet Aerospace by 1,209.1% in the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock worth $34,000 after purchasing an additional 399 shares during the last quarter. Whittier Trust Co. raised 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 acquiring an additional 228 shares in the last quarter. Lindbrook Capital LLC boosted its position in Howmet Aerospace by 34.4% during the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock worth $48,000 after acquiring an additional 229 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Howmet Aerospace by 62.9% in the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock worth $53,000 after purchasing an additional 377 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Howmet Aerospace during the first quarter valued at $68,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 2.7 %

NYSE HWM traded up $2.35 on Tuesday, hitting $89.10. 3,274,219 shares of the company were exchanged, compared to its average volume of 3,273,140. The company’s 50 day moving average price is $82.10 and its 200-day moving average price is $72.74. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.92. The firm has a market capitalization of $36.37 billion, a P/E ratio of 43.04, a price-to-earnings-growth ratio of 1.58 and a beta of 1.45. Howmet Aerospace Inc. has a twelve month low of $42.94 and a twelve month high of $97.29.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, beating 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 business 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 earned $0.44 EPS. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. Analysts predict that Howmet Aerospace Inc. will post 2.6 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.08 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, August 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.36%. Howmet Aerospace’s payout ratio is currently 15.46%.

Insider Activity at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 32,614 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $84.26, for a total value of $2,748,055.64. Following the completion of the sale, the executive vice president now directly owns 217,687 shares of the company’s stock, valued at $18,342,306.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.12% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HWM has been the subject of several research analyst reports. Robert W. Baird upped their price objective on shares of Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. The Goldman Sachs Group increased their price objective on shares of Howmet Aerospace from $77.00 to $87.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Argus boosted their target price on Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Benchmark increased their price target on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, BTIG Research boosted their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.67.

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.