Mach 1 Financial Group LLC Acquires Shares of 13,748 Howmet Aerospace Inc. (NYSE:HWM)

Mach 1 Financial Group LLC acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, Holdings Channel reports. The firm acquired 13,748 shares of the company’s stock, valued at approximately $744,000.

Several other institutional investors have also bought and sold shares of the business. Choreo LLC bought a new position in Howmet Aerospace during the fourth quarter valued at $1,532,000. PGGM Investments raised its stake in shares of Howmet Aerospace by 1.5% in the fourth quarter. PGGM Investments now owns 149,155 shares of the company’s stock valued at $8,072,000 after acquiring an additional 2,275 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Howmet Aerospace by 6.5% in the fourth quarter. Russell Investments Group Ltd. now owns 196,392 shares of the company’s stock valued at $10,629,000 after acquiring an additional 12,011 shares during the period. Truist Financial Corp raised its stake in shares of Howmet Aerospace by 1.3% in the fourth quarter. Truist Financial Corp now owns 61,486 shares of the company’s stock valued at $3,328,000 after acquiring an additional 768 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Howmet Aerospace by 7.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,586 shares of the company’s stock valued at $627,000 after acquiring an additional 836 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $67.44, for a total value of $3,034,800.00. Following the completion of the sale, the executive vice president now directly owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.12% of the stock is owned by company insiders.

Howmet Aerospace Stock Down 0.5 %

Howmet Aerospace stock traded down $0.36 during midday trading on Tuesday, hitting $66.75. 4,908,316 shares of the company’s stock were exchanged, compared to its average volume of 3,361,126. Howmet Aerospace Inc. has a 12 month low of $42.17 and a 12 month high of $69.55. The company has a market cap of $27.26 billion, a PE ratio of 36.48, a P/E/G ratio of 1.73 and a beta of 1.43. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86. The firm has a 50-day moving average of $66.13 and a two-hundred day moving average of $57.53.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. As a group, analysts expect that Howmet Aerospace Inc. will post 2.18 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Thursday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 10.93%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HWM shares. Royal Bank of Canada started coverage on shares of Howmet Aerospace in a research note on Monday, March 18th. They issued an “outperform” rating and a $75.00 target price on the stock. The Goldman Sachs Group increased their target price on shares of Howmet Aerospace from $65.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. KeyCorp raised their price target on shares of Howmet Aerospace from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Finally, Benchmark reaffirmed a “buy” rating and issued a $53.00 price target on shares of Howmet Aerospace in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

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.