Perpetual Ltd Has $803,000 Stake in Howmet Aerospace Inc. (NYSE:HWM)

Perpetual Ltd raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 54.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 8,012 shares of the company’s stock after purchasing an additional 2,816 shares during the period. Perpetual Ltd’s holdings in Howmet Aerospace were worth $803,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HWM. Centaurus Financial Inc. acquired a new position in Howmet Aerospace during the 4th quarter valued at about $122,000. American International Group Inc. lifted its position in shares of Howmet Aerospace by 1.6% during the 4th quarter. American International Group Inc. now owns 105,188 shares of the company’s stock worth $5,693,000 after buying an additional 1,672 shares in the last quarter. SageView Advisory Group LLC bought a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $205,000. Vanguard Group Inc. lifted its position in shares of Howmet Aerospace by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 45,247,674 shares of the company’s stock worth $2,448,804,000 after buying an additional 1,274,974 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Howmet Aerospace by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 52,108 shares of the company’s stock worth $2,820,000 after buying an additional 1,397 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Northcoast Research reissued a “sell” rating and set a $70.00 target price on shares of Howmet Aerospace in a research report on Friday, June 14th. Benchmark lifted their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. 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 report on Monday, August 5th. KeyCorp lifted their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Barclays lifted their price target on shares of Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.63.

Howmet Aerospace Trading Up 1.7 %

Shares of HWM stock opened at $103.82 on Friday. The company’s fifty day simple moving average is $96.46 and its two-hundred day simple moving average is $83.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74. Howmet Aerospace Inc. has a 1 year low of $42.94 and a 1 year high of $104.42. The stock has a market capitalization of $42.37 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 1.51 and a beta of 1.46.

Howmet Aerospace (NYSE:HWM) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, analysts anticipate that Howmet Aerospace Inc. will post 2.59 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.16%.

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.