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

Mackenzie Financial Corp decreased its position in Howmet Aerospace Inc. (NYSE:HWM) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,121 shares of the company’s stock after selling 1,519 shares during the quarter. Mackenzie Financial Corp’s holdings in Howmet Aerospace were worth $1,738,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HWM. Venturi Wealth Management LLC grew its position in shares of Howmet Aerospace by 61.3% during the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after buying an additional 212 shares in the last quarter. Headinvest LLC acquired a new stake in shares of Howmet Aerospace during the third quarter worth approximately $30,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Howmet Aerospace during the third quarter worth approximately $31,000. Blue Trust Inc. grew its position in shares of Howmet Aerospace by 33.1% during the fourth quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after buying an additional 271 shares in the last quarter. Finally, Huntington National Bank grew its position in shares of Howmet Aerospace by 24.5% during the third quarter. Huntington National Bank now owns 1,315 shares of the company’s stock worth $61,000 after buying an additional 259 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on HWM shares. Sanford C. Bernstein started coverage on shares of Howmet Aerospace in a research report on Friday, January 5th. They set an “outperform” rating and a $67.00 price target for the company. Royal Bank of Canada assumed coverage on shares of Howmet Aerospace in a research report on Monday, March 18th. They set an “outperform” rating and a $75.00 price target for the company. Benchmark restated a “buy” rating and set a $53.00 price objective on shares of Howmet Aerospace in a research note on Friday, April 19th. JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Finally, Barclays raised their price objective on Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the sale, the executive vice president now directly owns 229,568 shares in the company, valued at $15,482,065.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Performance

HWM stock opened at $64.77 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86. The stock has a market capitalization of $26.45 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 1.65 and a beta of 1.43. Howmet Aerospace Inc. has a 1 year low of $42.17 and a 1 year high of $69.55. The stock’s fifty day moving average is $65.84 and its two-hundred day moving average is $56.83.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the business earned $0.38 earnings per share. The company’s revenue was up 14.4% on a year-over-year basis. On average, research analysts predict that Howmet Aerospace Inc. will post 2.18 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 9th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, February 8th. Howmet Aerospace’s dividend payout ratio is currently 10.93%.

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.