Dynasty Wealth Management LLC Makes New $1.06 Million Investment in Howmet Aerospace Inc. (NYSE:HWM)

Dynasty Wealth Management LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 15,436 shares of the company’s stock, valued at approximately $1,056,000.

Other hedge funds also recently bought and sold shares of the company. Bleakley Financial Group LLC grew its stake in shares of Howmet Aerospace by 3.2% in the first quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock worth $348,000 after acquiring an additional 158 shares during the period. Valeo Financial Advisors LLC grew its position in Howmet Aerospace by 4.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock valued at $247,000 after acquiring an additional 200 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Howmet Aerospace by 10.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock valued at $122,000 after purchasing an additional 205 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Howmet Aerospace by 81.4% in the 1st quarter. Whittier Trust Co. now owns 508 shares of the company’s stock worth $35,000 after purchasing an additional 228 shares during the period. Finally, Lindbrook Capital LLC lifted its stake 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 purchasing an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HWM has been the subject of a number of recent analyst reports. Benchmark lifted their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Barclays lifted their price objective on Howmet Aerospace from $65.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Northcoast Research restated a “sell” rating and issued a $70.00 target price on shares of Howmet Aerospace in a research report on Friday, June 14th. KeyCorp boosted their price target on shares of Howmet Aerospace from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Finally, Royal Bank of Canada upped their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $84.00.

Insider Activity

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

Howmet Aerospace Trading Up 2.2 %

Shares of HWM stock traded up $2.09 during trading hours on Wednesday, reaching $95.90. The company had a trading volume of 2,140,872 shares, compared to its average volume of 3,229,843. Howmet Aerospace Inc. has a 1-year low of $42.94 and a 1-year high of $96.50. The company has a 50 day moving average of $81.38 and a 200 day moving average of $71.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92. The firm has a market cap of $39.14 billion, a price-to-earnings ratio of 46.43, a P/E/G ratio of 1.51 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM) last released its quarterly 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. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.83 billion. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, equities research analysts anticipate that Howmet Aerospace Inc. will post 2.39 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 9th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Friday, August 9th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s payout ratio is currently 9.66%.

Howmet Aerospace 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.