Gratus Wealth Advisors LLC Sells 310 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Gratus Wealth Advisors LLC lessened its position in Howmet Aerospace Inc. (NYSE:HWM) by 11.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,460 shares of the company’s stock after selling 310 shares during the quarter. Gratus Wealth Advisors LLC’s holdings in Howmet Aerospace were worth $253,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cultivar Capital Inc. acquired a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $26,000. LGT Financial Advisors LLC grew its position in Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Howmet Aerospace in the 2nd quarter valued at $32,000. Versant Capital Management Inc lifted its position in Howmet Aerospace by 1,209.1% during the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock worth $34,000 after buying an additional 399 shares in the last quarter. Finally, AlphaCentric Advisors LLC acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth about $36,000. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HWM. Truist Financial lifted their target price on Howmet Aerospace from $88.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada boosted their price target on Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Susquehanna assumed coverage on shares of Howmet Aerospace in a research note on Tuesday. They issued a “positive” rating and a $120.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.63.

Howmet Aerospace Trading Up 0.2 %

Shares of Howmet Aerospace stock opened at $102.99 on Wednesday. The firm’s 50 day moving average is $95.88 and its 200 day moving average is $83.38. The firm has a market capitalization of $42.04 billion, a PE ratio of 49.75, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. Howmet Aerospace Inc. has a 1 year low of $42.94 and a 1 year high of $104.24. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. Equities research analysts forecast that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.31%. Howmet Aerospace’s dividend payout ratio is presently 15.46%.

Insider Activity

In other news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the transaction, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.