Cwm LLC Boosts Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Cwm LLC raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 9,395 shares of the company’s stock after purchasing an additional 729 shares during the period. Cwm LLC’s holdings in Howmet Aerospace were worth $643,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HWM. Kestra Advisory Services LLC increased its position in Howmet Aerospace by 2.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 16,034 shares of the company’s stock valued at $742,000 after purchasing an additional 358 shares during the period. QRG Capital Management Inc. purchased a new position in shares of Howmet Aerospace in the 3rd quarter worth approximately $407,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Howmet Aerospace in the 3rd quarter worth approximately $548,000. Envestnet Asset Management Inc. grew its position in shares of Howmet Aerospace by 19.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 369,596 shares of the company’s stock worth $17,094,000 after buying an additional 60,366 shares during the last quarter. Finally, LPL Financial LLC grew its position in shares of Howmet Aerospace by 14.8% in the 3rd quarter. LPL Financial LLC now owns 80,357 shares of the company’s stock worth $3,717,000 after buying an additional 10,375 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 32,614 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the transaction, the executive vice president now directly owns 217,687 shares in the company, valued at $18,342,306.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HWM. Argus lifted their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Northcoast Research reiterated a “sell” rating and issued a $70.00 target price on shares of Howmet Aerospace in a research note on Friday, June 14th. The Goldman Sachs Group lifted their target price on shares of Howmet Aerospace from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Royal Bank of Canada lifted their target price on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, Barclays lifted their price objective on shares of Howmet Aerospace from $65.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $74.69.

Howmet Aerospace Stock Up 0.8 %

HWM stock opened at $80.14 on Friday. The company’s 50 day moving average price is $77.70 and its 200 day moving average price is $66.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97. Howmet Aerospace Inc. has a fifty-two week low of $42.94 and a fifty-two week high of $85.52. The firm has a market capitalization of $32.71 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 1.48 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, equities research analysts anticipate that Howmet Aerospace Inc. will post 2.39 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 9.66%.

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.