Vanguard Personalized Indexing Management LLC Purchases 2,600 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Vanguard Personalized Indexing Management LLC increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 9.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 29,859 shares of the company’s stock after buying an additional 2,600 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Howmet Aerospace were worth $2,142,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Cigna Investments Inc. New lifted its position in Howmet Aerospace by 3.8% in the 2nd quarter. Cigna Investments Inc. New now owns 4,178 shares of the company’s stock worth $324,000 after buying an additional 153 shares during the last quarter. Bleakley Financial Group LLC lifted its position in Howmet Aerospace by 3.2% in the 1st quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock worth $348,000 after buying an additional 158 shares during the last quarter. HB Wealth Management LLC lifted its position in Howmet Aerospace by 4.9% in the second quarter. HB Wealth Management LLC now owns 3,664 shares of the company’s stock valued at $284,000 after purchasing an additional 171 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Howmet Aerospace by 13.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,820 shares of the company’s stock valued at $141,000 after purchasing an additional 217 shares during the last quarter. Finally, Whittier Trust Co. lifted its position in Howmet Aerospace by 81.4% in the first 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. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HWM shares. Royal Bank of Canada boosted their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Barclays boosted their target price on Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Northcoast Research reissued a “sell” rating and set a $70.00 target price on shares of Howmet Aerospace in a research note on Friday, June 14th. Benchmark boosted their target price 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 target price on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.67.

Howmet Aerospace Price Performance

Shares of HWM stock opened at $97.42 on Friday. The stock has a market cap of $39.77 billion, a price-to-earnings ratio of 47.06, a PEG ratio of 1.41 and a beta of 1.46. The business’s fifty day moving average is $91.31 and its 200 day moving average is $80.37. Howmet Aerospace Inc. has a twelve month low of $42.94 and a twelve month high of $98.29. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.07. The company 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 revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. Research analysts expect that Howmet Aerospace Inc. will post 2.59 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were paid a $0.08 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.05. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, August 9th. Howmet Aerospace’s dividend payout ratio is currently 15.46%.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction on 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 sale, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

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.