Coastline Trust Co acquired a new position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,750 shares of the company’s stock, valued at approximately $974,000.
Other large investors have also modified their holdings of the company. Brighton Jones LLC lifted its position in Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after acquiring an additional 130 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the first quarter valued at about $399,000. Sivia Capital Partners LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at about $216,000. Cetera Investment Advisers increased its stake in shares of Howmet Aerospace by 3.8% in the second quarter. Cetera Investment Advisers now owns 83,699 shares of the company’s stock worth $15,579,000 after purchasing an additional 3,070 shares during the period. Finally, Avantax Advisory Services Inc. increased its stake in shares of Howmet Aerospace by 24.7% in the second quarter. Avantax Advisory Services Inc. now owns 12,997 shares of the company’s stock worth $2,419,000 after purchasing an additional 2,576 shares during the period. 90.46% of the stock is owned by institutional investors.
Howmet Aerospace Stock Down 3.8%
NYSE HWM opened at $232.72 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 2.13. The firm has a 50-day simple moving average of $235.40 and a 200 day simple moving average of $210.24. Howmet Aerospace Inc. has a twelve month low of $105.04 and a twelve month high of $267.31. The stock has a market cap of $93.31 billion, a PE ratio of 62.73, a PEG ratio of 2.24 and a beta of 1.21.
Howmet Aerospace Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is currently 12.94%.
Insider Buying and Selling
In related news, EVP Neil Edward Marchuk sold 45,150 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $251.70, for a total value of $11,364,255.00. Following the completion of the transaction, the executive vice president directly owned 107,008 shares in the company, valued at approximately $26,933,913.60. This represents a 29.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Barbara Lou Shultz sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $260.00, for a total value of $260,000.00. Following the completion of the transaction, the vice president directly owned 23,874 shares of the company’s stock, valued at approximately $6,207,240. This trade represents a 4.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.04% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on HWM. Susquehanna boosted their price objective on Howmet Aerospace from $255.00 to $290.00 and gave the stock a “positive” rating in a research report on Friday, February 13th. Citigroup lifted their price target on Howmet Aerospace from $255.00 to $283.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $227.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Sanford C. Bernstein reissued an “outperform” rating and issued a $280.00 price objective on shares of Howmet Aerospace in a research report on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft set a $278.00 price objective on shares of Howmet Aerospace and gave the stock a “buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $256.15.
View Our Latest Stock Analysis on HWM
About Howmet Aerospace
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.
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