Mutual of America Capital Management LLC Lowers Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Mutual of America Capital Management LLC trimmed its stake in Howmet Aerospace Inc. (NYSE:HWM) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,300 shares of the company’s stock after selling 507 shares during the period. Mutual of America Capital Management LLC’s holdings in Howmet Aerospace were worth $3,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in HWM. Headinvest LLC purchased a new stake in shares of Howmet Aerospace in the 3rd quarter worth approximately $30,000. Lindbrook Capital LLC lifted its position in shares of Howmet Aerospace by 34.4% in the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock worth $48,000 after purchasing an additional 229 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Howmet Aerospace by 62.9% in the 4th quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock worth $53,000 after purchasing an additional 377 shares during the period. Blue Trust Inc. lifted its position in shares of Howmet Aerospace by 33.1% in the 4th quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after purchasing an additional 271 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Howmet Aerospace in the 1st quarter worth approximately $68,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HWM shares. Barclays boosted their price objective on shares of Howmet Aerospace from $65.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. The Goldman Sachs Group boosted their price objective on shares of Howmet Aerospace from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Northcoast Research reiterated a “sell” rating and set a $70.00 price objective on shares of Howmet Aerospace in a research note on Friday, June 14th. BTIG Research started coverage on shares of Howmet Aerospace in a research note on Wednesday, June 26th. They set a “buy” rating and a $95.00 price objective for the company. Finally, Argus boosted their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $75.88.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $79.66 on Friday. The company’s fifty day moving average price is $81.44 and its 200 day moving average price is $68.75. Howmet Aerospace Inc. has a 1 year low of $42.94 and a 1 year high of $85.52. The company has a market capitalization of $32.52 billion, a PE ratio of 38.48, a price-to-earnings-growth ratio of 1.48 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.74 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, research analysts predict that Howmet Aerospace Inc. will post 2.39 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, May 9th. Howmet Aerospace’s payout ratio is 9.66%.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the transaction, 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 SEC, which is accessible through the SEC website. 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.