Fulton Bank N.A. Has $306,000 Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Fulton Bank N.A. cut its stake in Howmet Aerospace Inc. (NYSE:HWM) by 32.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,940 shares of the company’s stock after selling 1,879 shares during the period. Fulton Bank N.A.’s holdings in Howmet Aerospace were worth $306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL raised its holdings in Howmet Aerospace by 51.6% in the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock valued at $1,744,000 after acquiring an additional 8,676 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in Howmet Aerospace by 70.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,273,290 shares of the company’s stock valued at $87,131,000 after acquiring an additional 524,805 shares in the last quarter. Quadrature Capital Ltd raised its holdings in Howmet Aerospace by 303.8% in the 4th quarter. Quadrature Capital Ltd now owns 23,629 shares of the company’s stock valued at $1,279,000 after acquiring an additional 17,777 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Howmet Aerospace by 39.0% during the 4th quarter. National Bank of Canada FI now owns 120,557 shares of the company’s stock worth $6,477,000 after buying an additional 33,844 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Howmet Aerospace by 67.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 80,414 shares of the company’s stock worth $5,431,000 after buying an additional 32,431 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $84.26, for a total value of $2,748,055.64. Following the sale, the executive vice president now owns 217,687 shares in the company, valued at approximately $18,342,306.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.12% of the company’s stock.

Howmet Aerospace Price Performance

HWM traded up $2.35 on Tuesday, reaching $89.10. The stock had a trading volume of 3,274,219 shares, compared to its average volume of 3,273,140. The firm has a 50-day moving average of $82.10 and a 200-day moving average of $72.74. Howmet Aerospace Inc. has a fifty-two week low of $42.94 and a fifty-two week high of $97.29. The company has a market capitalization of $36.37 billion, a price-to-earnings ratio of 43.04, a price-to-earnings-growth ratio of 1.58 and a beta of 1.45. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The business’s revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 2.6 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 9th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Friday, August 9th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s payout ratio is 15.46%.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their price target on Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Argus boosted their price target on Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Northcoast Research reissued a “sell” rating and set a $70.00 price target on shares of Howmet Aerospace in a report on Friday, June 14th. Robert W. Baird boosted their price target on Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Barclays boosted their price target on Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.67.

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.