PGGM Investments Acquires 2,275 Shares of Howmet Aerospace Inc. (NYSE:HWM)

PGGM Investments grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 149,155 shares of the company’s stock after acquiring an additional 2,275 shares during the period. PGGM Investments’ holdings in Howmet Aerospace were worth $8,072,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its position in Howmet Aerospace by 61.3% in the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after acquiring an additional 212 shares during the period. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Howmet Aerospace in the third quarter worth $31,000. Headinvest LLC purchased a new stake in shares of Howmet Aerospace in the third quarter worth $30,000. Lindbrook Capital LLC increased its stake in shares of Howmet Aerospace by 34.4% in the fourth 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. Finally, Blue Trust Inc. increased its stake in shares of Howmet Aerospace by 33.1% in the fourth quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after purchasing an additional 271 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Insider Activity at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction dated 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 owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.12% of the stock is currently owned by company insiders.

Howmet Aerospace Trading Up 2.5 %

Shares of Howmet Aerospace stock traded up $1.60 during trading on Friday, hitting $66.40. The stock had a trading volume of 4,071,656 shares, compared to its average volume of 2,984,682. The firm’s fifty day simple moving average is $65.97 and its 200-day simple moving average is $57.15. The stock has a market cap of $27.12 billion, a PE ratio of 36.28, a PEG ratio of 1.73 and a beta of 1.43. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87. Howmet Aerospace Inc. has a 12 month low of $42.17 and a 12 month high of $69.55.

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

Howmet Aerospace Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HWM. Truist Financial raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $74.00 in a research note on Wednesday, January 10th. Robert W. Baird increased their price objective on shares of Howmet Aerospace from $65.00 to $74.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Royal Bank of Canada assumed coverage on shares of Howmet Aerospace in a research note on Monday, March 18th. They set an “outperform” rating and a $75.00 target price for the company. Barclays raised their target price on shares of Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Finally, KeyCorp raised their target price on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.00.

Howmet Aerospace Company 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.