Parkside Financial Bank & Trust Sells 187 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Parkside Financial Bank & Trust trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 911 shares of the company’s stock after selling 187 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Howmet Aerospace were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC increased its stake in shares of Howmet Aerospace by 3.6% in the 4th quarter. CWM LLC now owns 8,666 shares of the company’s stock worth $469,000 after purchasing an additional 299 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Howmet Aerospace by 0.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,869 shares of the company’s stock worth $2,645,000 after purchasing an additional 247 shares in the last quarter. Lindbrook Capital LLC increased its stake in shares of Howmet Aerospace by 34.4% in the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock worth $48,000 after purchasing an additional 229 shares in the last quarter. abrdn plc increased its stake in shares of Howmet Aerospace by 84.7% in the 4th quarter. abrdn plc now owns 181,171 shares of the company’s stock worth $9,805,000 after purchasing an additional 83,061 shares in the last quarter. Finally, Geneva Partners LLC purchased a new stake in shares of Howmet Aerospace in the 4th quarter worth $1,238,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Up 2.5 %

Shares of Howmet Aerospace stock opened at $66.40 on Friday. The firm has a market cap of $27.12 billion, a price-to-earnings ratio of 36.28, a PEG ratio of 1.68 and a beta of 1.43. The business has a 50-day moving average price of $65.97 and a 200-day moving average price of $57.07. The company has a quick ratio of 0.87, a current ratio of 1.86 and a debt-to-equity ratio of 0.88. Howmet Aerospace Inc. has a twelve month low of $42.17 and a twelve month high of $69.55.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data 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 firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.65 billion. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. Equities research analysts anticipate that Howmet Aerospace Inc. will post 2.18 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.30%. Howmet Aerospace’s payout ratio is 10.93%.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the transaction, the executive vice president now owns 229,568 shares in the company, valued at $15,482,065.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Robert W. Baird upped their price objective on Howmet Aerospace from $65.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. The Goldman Sachs Group upped their price objective on Howmet Aerospace from $65.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Royal Bank of Canada started coverage on Howmet Aerospace in a research note on Monday, March 18th. They issued an “outperform” rating and a $75.00 price objective for the company. KeyCorp increased their price target on Howmet Aerospace from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 21st. Finally, Truist Financial upgraded Howmet Aerospace from a “hold” rating to a “buy” rating and increased their price target for the stock from $47.00 to $74.00 in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average 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.