Cerity Partners LLC Acquires New Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Cerity Partners LLC acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,430 shares of the company’s stock, valued at approximately $240,000.

Several other hedge funds also recently bought and sold shares of HWM. Venturi Wealth Management LLC grew 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 valued at $26,000 after acquiring an additional 212 shares in the last quarter. Headinvest LLC purchased a new position in Howmet Aerospace in the 3rd quarter worth approximately $30,000. Kathleen S. Wright Associates Inc. purchased a new position in Howmet Aerospace in the 3rd quarter worth approximately $31,000. Blue Trust Inc. grew its stake in Howmet Aerospace by 33.1% in the 4th quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after buying an additional 271 shares in the last quarter. Finally, Huntington National Bank grew its stake in Howmet Aerospace by 24.5% in the 3rd quarter. Huntington National Bank now owns 1,315 shares of the company’s stock worth $61,000 after buying an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HWM shares. UBS Group boosted their price target on shares of Howmet Aerospace from $57.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Barclays boosted their price objective on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Benchmark restated a “buy” rating and issued a $53.00 price objective on shares of Howmet Aerospace in a report on Friday, April 19th. Finally, Sanford C. Bernstein assumed coverage on shares of Howmet Aerospace in a report on Friday, January 5th. They issued an “outperform” rating and a $67.00 price objective for the company. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Howmet Aerospace Trading Up 2.5 %

NYSE:HWM opened at $66.40 on Monday. 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 Inc. has a 52 week low of $42.17 and a 52 week high of $69.55. The firm has a market capitalization of $27.12 billion, a P/E ratio of 36.28, a P/E/G ratio of 1.73 and a beta of 1.43. The company has a fifty day moving average of $65.97 and a 200 day moving average of $57.22.

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

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.20 annualized dividend and a yield of 0.30%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 10.93%.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.12% of the company’s stock.

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.