MGO One Seven LLC Has $902,000 Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

MGO One Seven LLC raised its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 75.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,619 shares of the company’s stock after purchasing an additional 5,006 shares during the quarter. MGO One Seven LLC’s holdings in Howmet Aerospace were worth $902,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cultivar Capital Inc. bought a new stake in shares of Howmet Aerospace during the 2nd quarter worth $26,000. LGT Financial Advisors LLC raised its stake in Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Howmet Aerospace in the second quarter worth about $32,000. Versant Capital Management Inc boosted its stake in shares of Howmet Aerospace by 1,209.1% in the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after purchasing an additional 399 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of 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 purchasing an additional 228 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Transactions at Howmet Aerospace

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

Howmet Aerospace Trading Up 1.1 %

HWM opened at $95.28 on Friday. The stock has a market cap of $38.89 billion, a PE ratio of 46.03, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46. 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 Inc. has a twelve month low of $42.94 and a twelve month high of $98.15. The company has a fifty day moving average of $89.72 and a 200-day moving average of $79.36.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data 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. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the company posted $0.44 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis. On average, sell-side analysts predict that Howmet Aerospace Inc. will post 2.59 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 9th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.34%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, August 9th. Howmet Aerospace’s dividend payout ratio is presently 15.46%.

Wall Street Analyst Weigh In

HWM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Barclays boosted their price objective on Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Robert W. Baird lifted their price target on Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. KeyCorp upped their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Northcoast Research reiterated a “sell” rating and set a $70.00 target price on shares of Howmet Aerospace in a research report on Friday, June 14th. 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. According to MarketBeat.com, the stock currently 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.