OLD National Bancorp IN Has $330,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

OLD National Bancorp IN reduced its holdings in Howmet Aerospace Inc. (NYSE:HWMFree Report) by 19.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,132 shares of the company’s stock after selling 1,670 shares during the period. OLD National Bancorp IN’s holdings in Howmet Aerospace were worth $330,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its stake in shares of Howmet Aerospace by 4.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 23,507,379 shares of the company’s stock worth $1,087,216,000 after purchasing an additional 897,463 shares during the last quarter. FMR LLC increased its stake in shares of Howmet Aerospace by 21.2% during the 3rd quarter. FMR LLC now owns 15,086,149 shares of the company’s stock worth $697,734,000 after purchasing an additional 2,635,894 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Howmet Aerospace by 118.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company’s stock valued at $612,307,000 after buying an additional 7,184,620 shares during the last quarter. Invesco Ltd. grew its stake in Howmet Aerospace by 5.4% in the 3rd quarter. Invesco Ltd. now owns 9,107,293 shares of the company’s stock valued at $421,212,000 after buying an additional 463,594 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Howmet Aerospace by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 7,816,660 shares of the company’s stock valued at $330,459,000 after buying an additional 178,280 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Down 0.2 %

Shares of NYSE:HWM opened at $65.51 on Friday. The company has a market capitalization of $26.88 billion, a P/E ratio of 35.80, a P/E/G ratio of 1.53 and a beta of 1.43. The stock’s fifty day simple moving average is $60.49 and its 200-day simple moving average is $53.06. Howmet Aerospace Inc. has a 52-week low of $38.17 and a 52-week high of $69.55. The company has a quick ratio of 0.87, a current ratio of 1.86 and a debt-to-equity ratio of 0.88.

Howmet Aerospace (NYSE:HWMGet Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities research analysts forecast that Howmet Aerospace Inc. will post 2.17 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total value of $3,034,800.00. Following the completion of the transaction, the executive vice president now owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Howmet Aerospace from $57.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. KeyCorp upped their price target on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Robert W. Baird increased their price objective on shares of Howmet Aerospace from $61.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Truist Financial upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $74.00 in a research report on Wednesday, January 10th. Finally, Sanford C. Bernstein initiated coverage on shares of Howmet Aerospace in a research report on Friday, January 5th. They set an “outperform” rating and a $67.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.15.

Read Our Latest Report on HWM

Howmet Aerospace Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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