Howmet Aerospace Inc. $HWM Shares Newly Acquired by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,074 shares of the company’s stock, valued at approximately $2,370,000.

A number of other large investors also recently made changes to their positions in the business. Premier Path Wealth Partners LLC boosted its holdings in shares of Howmet Aerospace by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 3,812 shares of the company’s stock worth $1,025,000 after purchasing an additional 37 shares during the period. Bartlett & CO. Wealth Management LLC grew its position in Howmet Aerospace by 55.1% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock valued at $29,000 after purchasing an additional 38 shares in the last quarter. Raleigh Capital Management Inc. grew its position in Howmet Aerospace by 4.3% during the second quarter. Raleigh Capital Management Inc. now owns 1,094 shares of the company’s stock valued at $294,000 after purchasing an additional 45 shares in the last quarter. Anchyra Partners LLC increased its stake in Howmet Aerospace by 1.0% in the 2nd quarter. Anchyra Partners LLC now owns 4,359 shares of the company’s stock valued at $1,172,000 after buying an additional 45 shares during the period. Finally, Greenleaf Trust increased its stake in Howmet Aerospace by 1.0% in the 2nd quarter. Greenleaf Trust now owns 5,085 shares of the company’s stock valued at $1,367,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of Howmet Aerospace from $315.00 to $255.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 30th. Morgan Stanley restated an “overweight” rating and set a $335.00 price target on shares of Howmet Aerospace in a report on Monday, August 10th. Royal Bank Of Canada lowered their price target on shares of Howmet Aerospace from $350.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Jefferies Financial Group dropped their price target on shares of Howmet Aerospace from $370.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Finally, BNP Paribas Exane cut their price objective on Howmet Aerospace from $310.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $295.81.

Howmet Aerospace Stock Down 0.0%

Shares of Howmet Aerospace stock opened at $205.79 on Monday. Howmet Aerospace Inc. has a 12-month low of $183.52 and a 12-month high of $310.00. The stock has a 50 day moving average price of $223.40 and a two-hundred day moving average price of $248.22. The company has a quick ratio of 0.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $81.83 billion, a P/E ratio of 40.27, a PEG ratio of 1.50 and a beta of 1.31.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, October 29th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.37 by $0.09. Howmet Aerospace had a net margin of 21.10% and a return on equity of 36.44%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the firm posted $0.95 EPS. The business’s quarterly revenue was up 29.4% on a year-over-year basis. Equities analysts expect that Howmet Aerospace Inc. will post 5.49 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Friday, November 6th will be paid a $0.14 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 10.96%.

Howmet Aerospace Profile

Howmet Aerospace designs and manufactures engineered metal products for the aerospace, commercial transportation and industrial markets. Its products include components for aircraft engines and airframes, fastening systems, and forged aluminum wheels for commercial trucks.

The company operates through businesses focused on engine products, fastening systems, engineered structures and forged wheels. Its components and systems are used by aerospace manufacturers and suppliers, as well as customers in transportation and other industrial sectors.

Howmet Aerospace became an independent company in 2020 following its separation from Arconic.