Howmet Aerospace Inc. (NYSE:HWM) Short Interest Update

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 7,450,000 shares, a growth of 9.2% from the March 15th total of 6,820,000 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,480,000 shares, the days-to-cover ratio is presently 2.1 days.

Insiders Place Their Bets

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president now owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. US Bancorp DE raised its position in Howmet Aerospace by 9.7% in the first quarter. US Bancorp DE now owns 20,717 shares of the company's stock valued at $745,000 after purchasing an additional 1,834 shares during the period. HighTower Advisors LLC lifted its position in Howmet Aerospace by 299.5% during the 1st quarter. HighTower Advisors LLC now owns 31,892 shares of the company's stock worth $1,147,000 after acquiring an additional 23,910 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in Howmet Aerospace by 2.2% in the 1st quarter. Panagora Asset Management Inc. now owns 31,230 shares of the company's stock worth $1,122,000 after acquiring an additional 663 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Howmet Aerospace by 5.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,781 shares of the company's stock valued at $1,825,000 after acquiring an additional 2,520 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in Howmet Aerospace by 4.0% in the first quarter. APG Asset Management N.V. now owns 20,900 shares of the company's stock valued at $675,000 after acquiring an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

HWM has been the topic of a number of research reports. Sanford C. Bernstein started coverage on shares of Howmet Aerospace in a research note on Friday, January 5th. They issued an "outperform" rating and a $67.00 price objective on the stock. KeyCorp increased 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. Truist Financial upgraded Howmet Aerospace from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $47.00 to $74.00 in a research report on Wednesday, January 10th. Royal Bank of Canada began coverage on Howmet Aerospace in a report on Monday, March 18th. They set an "outperform" rating and a $75.00 target price on the stock. Finally, Robert W. Baird boosted their price target on Howmet Aerospace from $65.00 to $74.00 and gave the stock an "outperform" rating in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $65.08.

Howmet Aerospace Trading Down 0.8 %

HWM stock traded down $0.52 on Monday, hitting $63.48. 2,729,385 shares of the company were exchanged, compared to its average volume of 3,388,908. The stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 1.67 and a beta of 1.43. The business's fifty day moving average is $65.33 and its two-hundred day moving average is $56.07. Howmet Aerospace has a twelve month low of $42.17 and a twelve month high of $69.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, topping 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 the consensus estimate of $1.65 billion. During the same period in the prior year, the firm posted $0.38 EPS. The business's revenue for the quarter was up 14.4% on a year-over-year basis. As a group, research analysts forecast that Howmet Aerospace will post 2.18 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Friday, February 9th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date was Thursday, February 8th. Howmet Aerospace's payout ratio is currently 10.93%.

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.