Allegheny Financial Group LTD Invests $260,000 in Howmet Aerospace Inc. (NYSE:HWM)

Allegheny Financial Group LTD bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the second quarter, according to its most recent filing with the SEC. The firm bought 3,350 shares of the company’s stock, valued at approximately $260,000.

Other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL increased its position in Howmet Aerospace by 51.6% in the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock worth $1,744,000 after buying an additional 8,676 shares during the period. Los Angeles Capital Management LLC increased its holdings in shares of Howmet Aerospace by 70.1% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,273,290 shares of the company’s stock worth $87,131,000 after purchasing an additional 524,805 shares during the period. Quadrature Capital Ltd lifted its stake in shares of Howmet Aerospace by 303.8% in the fourth quarter. Quadrature Capital Ltd now owns 23,629 shares of the company’s stock valued at $1,279,000 after buying an additional 17,777 shares during the period. National Bank of Canada FI increased its stake in Howmet Aerospace by 39.0% during the fourth quarter. National Bank of Canada FI now owns 120,557 shares of the company’s stock valued at $6,477,000 after acquiring an additional 33,844 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Howmet Aerospace by 67.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 80,414 shares of the company’s stock worth $5,431,000 after acquiring an additional 32,431 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on HWM shares. Barclays lifted their target price on shares of Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada raised their target price on Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Benchmark upped their price target on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Robert W. Baird boosted their target price on shares of Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a research note 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.67.

Howmet Aerospace Trading Down 3.8 %

NYSE HWM opened at $93.02 on Wednesday. Howmet Aerospace Inc. has a 52 week low of $42.94 and a 52 week high of $98.15. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53. The stock’s 50 day moving average price is $87.29 and its two-hundred day moving average price is $77.91. The stock has a market capitalization of $37.97 billion, a price-to-earnings ratio of 44.94, a PEG ratio of 1.44 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share. As a group, analysts anticipate that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were issued a $0.08 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, August 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 15.46%.

Insider Buying and Selling

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the sale, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now owns 155,135 shares in the company, valued at approximately $14,982,938.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

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.