nVerses Capital LLC Trims Holdings in Howmet Aerospace Inc. (NYSE:HWM)

nVerses Capital LLC cut its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 27.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,500 shares of the company’s stock after selling 2,800 shares during the quarter. nVerses Capital LLC’s holdings in Howmet Aerospace were worth $752,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HWM. Cultivar Capital Inc. bought a new position in Howmet Aerospace in the 2nd quarter worth about $26,000. LGT Financial Advisors LLC boosted its stake in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares in the last quarter. Rothschild Investment LLC bought a new position in Howmet Aerospace in the 2nd quarter worth about $32,000. Versant Capital Management Inc boosted its stake 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 in the last quarter. Finally, AlphaCentric Advisors LLC bought a new position in Howmet Aerospace in the 2nd quarter worth about $36,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HWM. Robert W. Baird upped their price target on shares of Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Truist Financial upped their target price on shares of Howmet Aerospace from $88.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. BTIG Research upped 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. Finally, KeyCorp upped their target price on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.63.

Howmet Aerospace Stock Performance

Howmet Aerospace stock traded up $0.55 during midday trading on Thursday, hitting $105.86. The stock had a trading volume of 340,196 shares, compared to its average volume of 2,983,932. The firm’s fifty day moving average is $97.42 and its two-hundred day moving average is $84.77. The company has a market capitalization of $43.21 billion, a PE ratio of 50.87, a P/E/G ratio of 1.51 and a beta of 1.46. Howmet Aerospace Inc. has a 52-week low of $42.94 and a 52-week high of $106.74. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.83 billion. During the same period last year, the firm posted $0.44 EPS. The company’s revenue was up 14.1% on a year-over-year basis. On average, research analysts forecast that Howmet Aerospace Inc. will post 2.59 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders 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 yield of 0.30%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 15.46%.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, 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 transaction of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace 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 completion of 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 position. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

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.