Howmet Aerospace Inc. (NYSE:HWM) Stock Position Increased by Cwm LLC

Cwm LLC grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,666 shares of the company’s stock after buying an additional 299 shares during the quarter. Cwm LLC’s holdings in Howmet Aerospace were worth $469,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its position in shares of Howmet Aerospace by 61.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after buying an additional 212 shares in the last quarter. Headinvest LLC bought a new stake in shares of Howmet Aerospace during the 3rd quarter worth about $30,000. Lindbrook Capital LLC raised its position in shares of Howmet Aerospace by 34.4% during the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock worth $48,000 after buying an additional 229 shares in the last quarter. Blue Trust Inc. raised its position in shares of Howmet Aerospace by 33.1% during 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 raised its position in shares of Howmet Aerospace by 24.5% during 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. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $66.73 on Thursday. The firm’s 50 day simple moving average is $66.20 and its 200-day simple moving average is $57.60. The company has a market cap of $27.25 billion, a P/E ratio of 36.46, a price-to-earnings-growth ratio of 1.75 and a beta of 1.43. 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 Inc. has a fifty-two week low of $42.17 and a fifty-two week high of $69.55.

Howmet Aerospace (NYSE:HWM) last released its earnings results 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 for 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 firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. As a group, equities research analysts predict that Howmet Aerospace Inc. will post 2.18 EPS for the current year.

Howmet Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on HWM shares. Royal Bank of Canada started coverage on shares of Howmet Aerospace in a research report on Monday, March 18th. They set an “outperform” rating and a $75.00 price target on the stock. Benchmark reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Howmet Aerospace in a research note on Friday, April 19th. The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $65.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. UBS Group lifted their price objective 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. Finally, Barclays lifted their price objective on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $66.00.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the sale, the executive vice president now directly owns 229,568 shares in the company, valued at $15,482,065.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.12% of the stock is currently owned by corporate insiders.

About Howmet Aerospace

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.