Mackenzie Financial Corp Raises Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Mackenzie Financial Corp increased its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 420.6% in the 4th quarter, according to 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 period. Mackenzie Financial Corp's holdings in Howmet Aerospace were worth $18,795,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HWM. Private Trust Co. NA increased its stake in shares of Howmet Aerospace by 28.0% during the fourth quarter. Private Trust Co. NA now owns 407 shares of the company's stock valued at $45,000 after buying an additional 89 shares during the period. O Neil Global Advisors Inc. boosted its holdings in Howmet Aerospace by 0.5% in the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock valued at $2,136,000 after acquiring an additional 90 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in Howmet Aerospace by 0.7% during the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock valued at $1,644,000 after purchasing an additional 100 shares during the period. Guyasuta Investment Advisors Inc. raised its holdings in Howmet Aerospace by 1.4% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock worth $838,000 after purchasing an additional 104 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Howmet Aerospace by 2.6% in the 4th quarter. Signaturefd LLC now owns 4,392 shares of the company's stock worth $480,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the transaction, the executive vice president now owns 131,859 shares in the company, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares of the company's stock, valued at $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 831,250 shares of company stock valued at $130,517,863. Insiders own 1.04% of the company's stock.

Wall Street Analyst Weigh In

HWM has been the topic of a number of research reports. Benchmark lifted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Wells Fargo & Company lifted their price objective on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Morgan Stanley upped their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Truist Financial cut their target price on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Barclays upped their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $132.53.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded down $0.11 during mid-day trading on Friday, hitting $169.98. The stock had a trading volume of 4,749,584 shares, compared to its average volume of 2,715,330. The firm has a market capitalization of $68.62 billion, a P/E ratio of 60.28, a P/E/G ratio of 1.92 and a beta of 1.37. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm's 50 day moving average is $142.16 and its 200 day moving average is $129.01. Howmet Aerospace Inc. has a one year low of $76.83 and a one year high of $171.52.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping 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 net margin of 15.55% and a return on equity of 25.74%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.24%. Howmet Aerospace's dividend payout ratio is currently 13.03%.

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.