Guardian Capital LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 2,369 shares of the company’s stock, valued at approximately $486,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC grew its stake in shares of Howmet Aerospace by 12.5% during the fourth quarter. Salomon & Ludwin LLC now owns 423 shares of the company’s stock valued at $90,000 after acquiring an additional 47 shares in the last quarter. Catalyst Financial Partners LLC grew its stake in Howmet Aerospace by 0.9% in the fourth quarter. Catalyst Financial Partners LLC now owns 5,561 shares of the company’s stock worth $1,140,000 after purchasing an additional 48 shares in the last quarter. Burns J W & Co. Inc. NY grew its stake in Howmet Aerospace by 2.6% in the fourth quarter. Burns J W & Co. Inc. NY now owns 1,949 shares of the company’s stock worth $400,000 after purchasing an additional 49 shares in the last quarter. HBW Advisory Services LLC grew its stake in Howmet Aerospace by 2.5% in the fourth quarter. HBW Advisory Services LLC now owns 1,990 shares of the company’s stock worth $408,000 after purchasing an additional 49 shares in the last quarter. Finally, Earned Wealth Advisors LLC grew its stake in Howmet Aerospace by 1.0% in the fourth quarter. Earned Wealth Advisors LLC now owns 5,023 shares of the company’s stock worth $1,030,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Stock Performance
Shares of HWM stock opened at $260.45 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.44 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $246.96 and a two-hundred day moving average of $226.47. Howmet Aerospace Inc. has a 52 week low of $160.01 and a 52 week high of $280.74. The company has a market cap of $104.21 billion, a P/E ratio of 60.43, a PEG ratio of 2.07 and a beta of 1.19.
Howmet Aerospace Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, May 8th. Howmet Aerospace’s payout ratio is presently 11.14%.
Insider Buying and Selling
In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,150 shares of Howmet Aerospace stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $251.70, for a total value of $11,364,255.00. Following the completion of the transaction, the executive vice president directly owned 107,008 shares in the company, valued at $26,933,913.60. The trade was a 29.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Barbara Lou Shultz sold 1,000 shares of Howmet Aerospace stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $260.00, for a total value of $260,000.00. Following the completion of the transaction, the vice president owned 23,874 shares of the company’s stock, valued at approximately $6,207,240. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 88,082 shares of company stock valued at $22,924,929. 0.85% of the stock is currently owned by insiders.
Analyst Ratings Changes
HWM has been the subject of a number of research reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $280.00 price target on shares of Howmet Aerospace in a research note on Tuesday, February 17th. Wolfe Research set a $270.00 price target on Howmet Aerospace and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Truist Financial set a $280.00 price target on Howmet Aerospace in a research note on Wednesday, March 11th. The Goldman Sachs Group set a $228.00 price target on Howmet Aerospace in a research note on Tuesday, February 17th. Finally, UBS Group lifted their price target on Howmet Aerospace from $260.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Eighteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.84.
Check Out Our Latest Research Report on Howmet Aerospace
Howmet Aerospace Profile
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.
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