Massmutual Trust Co. FSB ADV Increases Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Massmutual Trust Co. FSB ADV increased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 13.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,820 shares of the company’s stock after buying an additional 217 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Howmet Aerospace were worth $141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HWM. Bleakley Financial Group LLC raised its position in shares of Howmet Aerospace by 3.2% during the first quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock valued at $348,000 after buying an additional 158 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Howmet Aerospace by 4.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock valued at $247,000 after acquiring an additional 200 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Howmet Aerospace by 10.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock valued at $122,000 after acquiring an additional 205 shares in the last quarter. Whittier Trust Co. raised its holdings in shares of Howmet Aerospace by 81.4% in the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after acquiring an additional 228 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in 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. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 32,614 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 217,687 shares of the company’s stock, valued at approximately $18,342,306.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Performance

Howmet Aerospace stock traded down $3.39 during mid-day trading on Monday, hitting $86.77. The company had a trading volume of 6,636,678 shares, compared to its average volume of 3,272,865. 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 Inc. has a 12-month low of $42.94 and a 12-month high of $97.29. The company’s fifty day moving average is $81.98 and its 200-day moving average is $72.28. The company has a market capitalization of $35.42 billion, a price-to-earnings ratio of 42.12, a P/E/G ratio of 1.58 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities research analysts predict that Howmet Aerospace Inc. will post 2.6 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, August 9th will be given a dividend of $0.08 per share. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, August 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.37%. Howmet Aerospace’s dividend payout ratio (DPR) is 15.46%.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of recent research reports. Argus boosted their target price on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Barclays upped their price objective on shares of Howmet Aerospace from $65.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, May 6th. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. KeyCorp upped their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Robert W. Baird upped their price objective on shares of Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.67.

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.