Fulton Bank N.A. Trims Stake in Howmet Aerospace Inc. (NYSE:HWM)

Fulton Bank N.A. trimmed its stake in Howmet Aerospace Inc. (NYSE:HWM) by 32.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,940 shares of the company’s stock after selling 1,879 shares during the period. Fulton Bank N.A.’s holdings in Howmet Aerospace were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of HWM. Bleakley Financial Group LLC increased its stake in Howmet Aerospace by 3.2% in the 1st quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock worth $348,000 after buying an additional 158 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in Howmet Aerospace by 4.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock worth $247,000 after buying an additional 200 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Howmet Aerospace by 10.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock worth $122,000 after buying an additional 205 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Howmet Aerospace by 13.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,820 shares of the company’s stock worth $141,000 after buying an additional 217 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in Howmet Aerospace by 81.4% in the 1st quarter. Whittier Trust Co. now owns 508 shares of the company’s stock worth $35,000 after buying an additional 228 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 2.7 %

HWM traded up $2.35 on Tuesday, hitting $89.10. The company had a trading volume of 3,274,219 shares, compared to its average volume of 3,273,140. The company has a market cap of $36.37 billion, a PE ratio of 43.04, a PEG ratio of 1.58 and a beta of 1.45. Howmet Aerospace Inc. has a 12-month low of $42.94 and a 12-month high of $97.29. The company has a quick ratio of 0.92, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. The business’s fifty day simple moving average is $82.10 and its 200 day simple moving average is $72.74.

Howmet Aerospace (NYSE:HWM) last released its quarterly 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 company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.83 billion. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $0.44 earnings per share. Equities research analysts expect that Howmet Aerospace Inc. will post 2.6 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Friday, August 9th will be given a $0.08 dividend. The ex-dividend date is Friday, August 9th. This represents a $0.32 annualized dividend and a yield of 0.36%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s dividend payout ratio (DPR) is currently 15.46%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Robert W. Baird increased their price target on Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Northcoast Research reiterated a “sell” rating and issued a $70.00 price target on shares of Howmet Aerospace in a research note on Friday, June 14th. Wells Fargo & Company increased their price target on Howmet Aerospace from $72.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. BTIG Research raised their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday. Finally, Benchmark raised their price objective on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.67.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $84.26, for a total value of $2,748,055.64. Following the completion of the sale, the executive vice president now owns 217,687 shares of the company’s stock, valued at $18,342,306.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.12% of the stock is currently owned by company insiders.

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.