Howmet Aerospace Inc. $HWM Stock Holdings Reduced by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its position in Howmet Aerospace Inc. (NYSE:HWM) by 5.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 135,821 shares of the company’s stock after selling 8,581 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Howmet Aerospace were worth $30,720,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HWM. First Command Advisory Services Inc. grew its holdings in shares of Howmet Aerospace by 109.9% in the third quarter. First Command Advisory Services Inc. now owns 1,862 shares of the company’s stock valued at $421,000 after purchasing an additional 975 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in Howmet Aerospace during the 3rd quarter worth approximately $289,000. DSG Capital Advisors LLC lifted its holdings in Howmet Aerospace by 5.0% during the 3rd quarter. DSG Capital Advisors LLC now owns 35,388 shares of the company’s stock worth $8,004,000 after buying an additional 1,681 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in Howmet Aerospace by 4.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 15,927 shares of the company’s stock worth $3,602,000 after buying an additional 610 shares in the last quarter. Finally, Keybank National Association OH boosted its position in Howmet Aerospace by 35.0% in the 3rd quarter. Keybank National Association OH now owns 17,610 shares of the company’s stock valued at $3,983,000 after buying an additional 4,562 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $223.66 on Thursday. Howmet Aerospace Inc. has a one year low of $183.52 and a one year high of $310.00. The company has a market cap of $88.94 billion, a PE ratio of 43.77, a P/E/G ratio of 1.60 and a beta of 1.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.90 and a current ratio of 1.86. The business has a 50-day simple moving average of $221.28 and a 200-day simple moving average of $248.23.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, October 29th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.09. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Howmet Aerospace had a net margin of 21.10% and a return on equity of 36.44%. The firm’s revenue was up 29.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 earnings per share. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 5.49 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, November 6th. Howmet Aerospace’s payout ratio is 10.96%.

Analyst Ratings Changes

Several equities analysts have commented on HWM shares. Royal Bank Of Canada dropped their price target on shares of Howmet Aerospace from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $298.00 price objective (down from $328.00) on shares of Howmet Aerospace in a research report on Wednesday, October 7th. Morgan Stanley reiterated an “overweight” rating and issued a $335.00 price objective on shares of Howmet Aerospace in a research note on Monday, August 10th. Jefferies Financial Group decreased their target price on Howmet Aerospace from $370.00 to $350.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $295.81.

About Howmet Aerospace

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.