Sanctuary Advisors LLC Invests $1.53 Million in Howmet Aerospace Inc. (NYSE:HWM)

Sanctuary Advisors LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,753 shares of the company’s stock, valued at approximately $1,533,000.

Several other institutional investors have also recently made changes to their positions in the company. Cigna Investments Inc. New grew its stake in shares of 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 acquiring an additional 153 shares in the last quarter. Bleakley Financial Group LLC grew its position in Howmet Aerospace by 3.2% during the first quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock valued at $348,000 after buying an additional 158 shares during the period. HB Wealth Management LLC grew its position in Howmet Aerospace by 4.9% during the second quarter. HB Wealth Management LLC now owns 3,664 shares of the company’s stock valued at $284,000 after buying an additional 171 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Howmet Aerospace by 7.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock valued at $203,000 after buying an additional 178 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in Howmet Aerospace by 13.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,820 shares of the company’s stock valued at $141,000 after buying an additional 217 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insider Activity at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.

Howmet Aerospace Trading Up 0.7 %

Shares of Howmet Aerospace stock opened at $103.70 on Thursday. Howmet Aerospace Inc. has a 12-month low of $42.94 and a 12-month high of $104.24. The company has a market cap of $42.33 billion, a price-to-earnings ratio of 50.10, a PEG ratio of 1.47 and a beta of 1.46. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $95.88 and its 200-day moving average price is $83.38.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts expect that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is currently 15.46%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. KeyCorp increased their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target 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. Susquehanna began coverage on shares of Howmet Aerospace in a research report on Tuesday. They set a “positive” rating and a $120.00 price target for the company. Finally, Barclays upped their price objective on shares of Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, August 5th. 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 company’s stock. Based on data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.63.

Howmet Aerospace Company 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.