Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp increased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 420.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 171,844 shares of the company’s stock after acquiring an additional 138,835 shares during the quarter. Mackenzie Financial Corp’s holdings in Howmet Aerospace were worth $18,795,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Murphy & Mullick Capital Management Corp bought a new stake in shares of Howmet Aerospace in the fourth quarter worth $25,000. Meeder Asset Management Inc. increased its stake in shares of Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after buying an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace in the fourth quarter worth $25,000. R Squared Ltd bought a new stake in shares of Howmet Aerospace in the fourth quarter worth $26,000. Finally, Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 1.3%

Howmet Aerospace stock opened at $165.05 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $139.29 and a two-hundred day moving average price of $127.56. The firm has a market capitalization of $66.63 billion, a price-to-earnings ratio of 58.53, a PEG ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $167.80.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. Sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.24%. The ex-dividend date is Friday, May 9th. Howmet Aerospace’s payout ratio is currently 13.03%.

Analyst Ratings Changes

A number of research firms recently commented on HWM. Truist Financial decreased their price target on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Northcoast Research upgraded Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Wells Fargo & Company raised their price objective on Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, UBS Group raised their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average price target of $132.53.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the transaction, the executive vice president now owns 131,859 shares of the company’s stock, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the transaction, the vice president now directly owns 23,044 shares in the company, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.04% of the company’s stock.

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.