Private Advisor Group LLC Has $1.71 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Private Advisor Group LLC lifted its stake in Howmet Aerospace Inc. (NYSE:HWM) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,009 shares of the company’s stock after purchasing an additional 433 shares during the period. Private Advisor Group LLC’s holdings in Howmet Aerospace were worth $1,705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HWM. Lone Pine Capital LLC acquired a new stake in Howmet Aerospace during the 2nd quarter worth $284,539,000. Price T Rowe Associates Inc. MD grew its holdings in Howmet Aerospace by 28.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after acquiring an additional 3,158,186 shares during the period. JPMorgan Chase & Co. grew its holdings in Howmet Aerospace by 18.7% during the 1st quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock worth $1,223,358,000 after acquiring an additional 2,813,911 shares during the period. TD Asset Management Inc grew its holdings in Howmet Aerospace by 986.0% during the 1st quarter. TD Asset Management Inc now owns 2,697,449 shares of the company’s stock worth $184,586,000 after acquiring an additional 2,449,057 shares during the period. Finally, Capital Research Global Investors acquired a new stake in Howmet Aerospace during the 1st quarter worth $148,996,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on HWM shares. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Truist Financial lifted their target price on shares of Howmet Aerospace from $105.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Susquehanna began coverage on shares of Howmet Aerospace in a research report on Tuesday, October 8th. They set a “positive” rating and a $120.00 price target on the stock. Barclays lifted their price target on shares of Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Sanford C. Bernstein lifted their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $101.50.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Howmet Aerospace Trading Up 1.1 %

HWM opened at $101.24 on Thursday. The stock has a market capitalization of $41.32 billion, a P/E ratio of 48.91, a P/E/G ratio of 1.51 and a beta of 1.46. Howmet Aerospace Inc. has a 12 month low of $43.50 and a 12 month high of $106.93. The firm’s fifty day simple moving average is $99.10 and its 200 day simple moving average is $87.37. 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 quarterly earnings data on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.60 by $0.07. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. As a group, research analysts anticipate that Howmet Aerospace Inc. will post 2.59 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

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.