Beacon Harbor Wealth Advisors Inc. Sells 181 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Beacon Harbor Wealth Advisors Inc. reduced its position in Howmet Aerospace Inc. (NYSE:HWM) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,462 shares of the company’s stock after selling 181 shares during the quarter. Beacon Harbor Wealth Advisors Inc.’s holdings in Howmet Aerospace were worth $6,563,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cultivar Capital Inc. purchased a new stake in shares of Howmet Aerospace in the 2nd quarter worth approximately $26,000. LGT Financial Advisors LLC increased its holdings in shares of Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares during the period. Rothschild Investment LLC bought a new position in shares of Howmet Aerospace in the 2nd quarter worth $32,000. Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 399 shares during the last quarter. Finally, AlphaCentric Advisors LLC bought a new stake in Howmet Aerospace during the second quarter valued at about $36,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

NYSE:HWM opened at $111.23 on Friday. The firm’s fifty day moving average is $99.75 and its two-hundred day moving average is $88.76. The firm has a market cap of $45.40 billion, a price-to-earnings ratio of 49.22, a PEG ratio of 1.45 and a beta of 1.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53. Howmet Aerospace Inc. has a one year low of $47.88 and a one year high of $115.38.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. Howmet Aerospace’s payout ratio is 14.16%.

Wall Street Analyst Weigh In

Several research firms have commented on HWM. Barclays increased their price target on shares of Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. UBS Group lifted their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday. Susquehanna increased their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday. BTIG Research raised their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.75.

Insider Buying and Selling

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction dated 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 owns 155,135 shares in the company, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

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.