E Fund Management Hong Kong Co. Ltd. Invests $90,000 in Howmet Aerospace Inc. (NYSE:HWM)

E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the third quarter, Holdings Channel reports. The firm bought 898 shares of the company’s stock, valued at approximately $90,000.

Other hedge funds also recently made changes to their positions in the company. Cultivar Capital Inc. bought a new stake in shares of Howmet Aerospace during the 2nd quarter worth $26,000. LGT Financial Advisors LLC raised its stake in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares during the period. Rothschild Investment LLC bought a new stake in Howmet Aerospace in the 2nd quarter valued at about $32,000. Versant Capital Management Inc raised its stake in Howmet Aerospace by 1,209.1% in the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after acquiring an additional 399 shares during the period. Finally, AlphaCentric Advisors LLC bought a new stake in Howmet Aerospace in the 2nd quarter valued at about $36,000. 90.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HWM. Sanford C. Bernstein boosted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Barclays boosted their price objective on Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their target price on Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.50.

Howmet Aerospace Stock Up 1.1 %

Shares of NYSE HWM opened at $101.24 on Thursday. Howmet Aerospace Inc. has a 12 month low of $43.50 and a 12 month high of $106.93. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $41.32 billion, a price-to-earnings ratio of 48.91, a PEG ratio of 1.51 and a beta of 1.46. The business has a 50-day moving average of $99.10 and a 200-day moving average of $87.37.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Howmet Aerospace’s revenue was up 14.1% on a year-over-year basis. Sell-side analysts expect that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is currently 15.46%.

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.