Howmet Aerospace Inc. (NYSE:HWM) EVP Neil Edward Marchuk Sells 30,000 Shares of Stock

Howmet Aerospace Inc. (NYSE:HWM) EVP Neil Edward Marchuk sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the transaction, the executive vice president now directly owns 131,859 shares in the company, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Howmet Aerospace Price Performance

Shares of HWM opened at $158.33 on Wednesday. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $161.58. The company has a 50 day moving average of $132.66 and a two-hundred day moving average of $123.72. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company has a market cap of $63.91 billion, a price-to-earnings ratio of 56.15, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.25%. Howmet Aerospace’s payout ratio is currently 13.03%.

Institutional Investors Weigh In On Howmet Aerospace

Institutional investors and hedge funds have recently made changes to their positions in the stock. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth $25,000. Meeder Asset Management Inc. raised its holdings in shares of Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Howmet Aerospace during the fourth quarter worth $25,000. Pinpoint Asset Management Ltd raised its holdings in shares of Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock worth $31,000 after purchasing an additional 71 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Howmet Aerospace during the fourth quarter worth $26,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Benchmark lifted their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a report on Monday, April 21st. Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Truist Financial cut their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. UBS Group lifted their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, BTIG Research reissued a “buy” rating on shares of Howmet Aerospace in a report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.53.

About Howmet Aerospace

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.