Howmet Aerospace Inc. (NYSE:HWM) Stock Holdings Boosted by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 1,695.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,434 shares of the company’s stock after acquiring an additional 13,630 shares during the period. Silver Oak Securities Incorporated’s holdings in Howmet Aerospace were worth $1,428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in shares of Howmet Aerospace by 695.6% during the third quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock valued at $55,941,000 after buying an additional 487,880 shares during the last quarter. BOCHK Asset Management Ltd bought a new stake in Howmet Aerospace during the 3rd quarter valued at $251,000. Riverwater Partners LLC acquired a new position in Howmet Aerospace during the 3rd quarter worth $256,000. Brighton Jones LLC bought a new position in shares of Howmet Aerospace in the third quarter worth $242,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Howmet Aerospace by 9,135.7% during the third quarter. International Assets Investment Management LLC now owns 238,003 shares of the company’s stock valued at $238,600,000 after purchasing an additional 235,426 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $14,961,111.22. Following the transaction, the chief financial officer now owns 155,135 shares in the company, valued at approximately $14,982,938.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HWM. Robert W. Baird upped their price objective on shares of Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Susquehanna assumed coverage on shares of Howmet Aerospace in a research note on Tuesday, October 8th. They set a “positive” rating and a $120.00 price objective on the stock. Sanford C. Bernstein upped their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Royal Bank of Canada lifted their price target on Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Truist Financial raised their price objective on shares of Howmet Aerospace from $105.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.50.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $101.39 on Friday. The company has a market capitalization of $41.39 billion, a price-to-earnings ratio of 48.98, a P/E/G ratio of 1.51 and a beta of 1.46. Howmet Aerospace Inc. has a 1-year low of $42.94 and a 1-year high of $106.93. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $98.79 and its 200-day simple moving average is $86.47.

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

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is currently 15.46%.

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.