Howmet Aerospace Inc. (NYSE:HWM – Get Free Report) EVP Neil Edward Marchuk sold 41,932 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $269.50, for a total value of $11,300,674.00. Following the sale, the executive vice president owned 65,105 shares of the company’s stock, valued at approximately $17,545,797.50. This represents a 39.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Neil Edward Marchuk also recently made the following trade(s):
- On Wednesday, February 18th, Neil Edward Marchuk sold 45,150 shares of Howmet Aerospace stock. The shares were sold at an average price of $251.70, for a total value of $11,364,255.00.
Howmet Aerospace Trading Down 0.4%
Howmet Aerospace stock opened at $272.02 on Friday. The business has a 50-day simple moving average of $246.95 and a two-hundred day simple moving average of $226.23. The company has a market cap of $108.84 billion, a P/E ratio of 63.11, a P/E/G ratio of 2.17 and a beta of 1.19. Howmet Aerospace Inc. has a 52-week low of $159.00 and a 52-week high of $280.74. The company has a quick ratio of 1.59, a current ratio of 2.44 and a debt-to-equity ratio of 0.73.
Howmet Aerospace Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 8th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is 11.14%.
Analyst Ratings Changes
A number of research firms recently commented on HWM. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $320.00 price target on shares of Howmet Aerospace in a report on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a report on Tuesday, April 21st. Citigroup lowered their price target on Howmet Aerospace from $283.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Truist Financial set a $280.00 price target on Howmet Aerospace in a report on Wednesday, March 11th. Finally, Wells Fargo & Company began coverage on Howmet Aerospace in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $240.00 price target on the stock. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $283.84.
Read Our Latest Stock Analysis on HWM
Institutional Trading of Howmet Aerospace
Several hedge funds have recently modified their holdings of HWM. Newbridge Financial Services Group Inc. raised its holdings in shares of Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after acquiring an additional 73 shares in the last quarter. Acumen Wealth Advisors LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. Sound Income Strategies LLC raised its holdings in shares of Howmet Aerospace by 66.7% during the 4th quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock worth $28,000 after acquiring an additional 50 shares in the last quarter. Cornerstone Financial Management LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $28,000. Finally, Vermillion & White Wealth Management Group LLC raised its holdings in shares of Howmet Aerospace by 65.1% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after acquiring an additional 54 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.
Howmet Aerospace Company Profile
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.
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