Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 168.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 15,047 shares of the company’s stock after acquiring an additional 9,432 shares during the quarter. Bleakley Financial Group LLC’s holdings in Howmet Aerospace were worth $1,508,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 155,135 shares of the company’s stock, 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. Company insiders own 1.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HWM. Benchmark boosted their price objective on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th. KeyCorp boosted their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. BTIG Research boosted their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Susquehanna initiated coverage on Howmet Aerospace in a research note on Tuesday, October 8th. They issued a “positive” rating and a $120.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $97.75.

Howmet Aerospace Price Performance

NYSE:HWM opened at $105.54 on Friday. Howmet Aerospace Inc. has a 12 month low of $42.94 and a 12 month high of $106.76. The stock has a 50 day moving average of $97.95 and a two-hundred day moving average of $85.33. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The firm has a market cap of $43.08 billion, a P/E ratio of 50.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the business earned $0.44 EPS. Howmet Aerospace’s quarterly revenue was up 14.1% on a year-over-year basis. On average, analysts expect that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be given 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 0.30%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 15.46%.

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.