Bleakley Financial Group LLC Increases Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Bleakley Financial Group LLC boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,922 shares of the company’s stock after buying an additional 326 shares during the quarter. Bleakley Financial Group LLC’s holdings in Howmet Aerospace were worth $266,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake in Howmet Aerospace by 61.3% during the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after buying an additional 212 shares during the period. Kathleen S. Wright Associates Inc. purchased a new position in Howmet Aerospace during the third quarter worth about $31,000. Headinvest LLC purchased a new position in Howmet Aerospace during the third quarter worth about $30,000. Clear Street Markets LLC boosted its stake in shares of Howmet Aerospace by 93.8% in the first quarter. Clear Street Markets LLC now owns 721 shares of the company’s stock valued at $31,000 after purchasing an additional 349 shares during the period. Finally, Financial Freedom LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $67.44, for a total value of $3,034,800.00. Following the completion of 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 can be accessed through the SEC website. 1.23% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HWM shares. KeyCorp lifted their price objective on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Robert W. Baird lifted their price objective on shares of Howmet Aerospace from $65.00 to $74.00 and gave the company an “outperform” rating in a report on Monday, April 8th. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Barclays lifted their price objective on shares of Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Finally, Royal Bank of Canada started coverage on shares of Howmet Aerospace in a report on Monday, March 18th. They issued an “outperform” rating and a $75.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.08.

Howmet Aerospace Stock Down 0.8 %

Shares of Howmet Aerospace stock opened at $63.48 on Tuesday. Howmet Aerospace Inc. has a 52-week low of $42.17 and a 52-week high of $69.55. The company has a 50 day moving average of $65.33 and a 200 day moving average of $56.07. The company has a quick ratio of 0.87, a current ratio of 1.86 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $25.92 billion, a P/E ratio of 34.69, a P/E/G ratio of 1.67 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.06. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.65 billion. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. As a group, research analysts forecast that Howmet Aerospace Inc. will post 2.18 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Friday, February 9th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.32%. Howmet Aerospace’s dividend payout ratio is presently 10.93%.

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.