Atomi Financial Group Inc. Grows Holdings in Howmet Aerospace Inc. (NYSE:HWM)

by · The Markets Daily

Atomi Financial Group Inc. grew its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 13.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,536 shares of the company’s stock after acquiring an additional 660 shares during the period. Atomi Financial Group Inc.’s holdings in Howmet Aerospace were worth $555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lone Pine Capital LLC purchased a new stake in Howmet Aerospace during the 2nd quarter worth approximately $284,539,000. Price T Rowe Associates Inc. MD increased its position in shares of Howmet Aerospace by 28.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after purchasing an additional 3,158,186 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Howmet Aerospace by 18.7% in the 1st quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock valued at $1,223,358,000 after purchasing an additional 2,813,911 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Howmet Aerospace by 986.0% in the 1st quarter. TD Asset Management Inc now owns 2,697,449 shares of the company’s stock valued at $184,586,000 after purchasing an additional 2,449,057 shares in the last quarter. Finally, Capital Research Global Investors bought a new position in shares of Howmet Aerospace during the first quarter worth about $148,996,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 92,687 shares in the company, 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 filing with the SEC, which is available through this link. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction 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 owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HWM has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Truist Financial raised their price objective on Howmet Aerospace from $88.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. KeyCorp boosted their target price on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Benchmark boosted their price objective on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.63.

Read Our Latest Stock Analysis on Howmet Aerospace

Howmet Aerospace Stock Down 1.5 %

Shares of Howmet Aerospace stock opened at $102.10 on Friday. Howmet Aerospace Inc. has a 1-year low of $42.94 and a 1-year high of $104.24. The company has a market capitalization of $41.68 billion, a P/E ratio of 49.32, a PEG ratio of 1.47 and a beta of 1.46. The business’s fifty day moving average price is $96.04 and its two-hundred day moving average price is $83.53. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74.

Howmet Aerospace (NYSE:HWM – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the firm posted $0.44 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. As a group, research analysts forecast that Howmet Aerospace Inc. will post 2.59 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is 15.46%.

Howmet Aerospace Company Profile

(Free Report)

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.

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