Atlatl Advisers LLC Lowers Stake in Howmet Aerospace Inc. $HWM

Atlatl Advisers LLC lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 65.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,666 shares of the company’s stock after selling 8,800 shares during the quarter. Atlatl Advisers LLC’s holdings in Howmet Aerospace were worth $916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC increased its position in shares of Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Howmet Aerospace in the 1st quarter worth approximately $399,000. Sivia Capital Partners LLC purchased a new stake in Howmet Aerospace during the second quarter valued at about $216,000. Truist Financial Corp grew its stake in Howmet Aerospace by 4.5% during the 2nd quarter. Truist Financial Corp now owns 63,180 shares of the company’s stock valued at $11,760,000 after acquiring an additional 2,734 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Howmet Aerospace by 31.1% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 82,376 shares of the company’s stock valued at $15,333,000 after buying an additional 19,525 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.4%

NYSE HWM opened at $208.12 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The stock has a market capitalization of $83.68 billion, a price-to-earnings ratio of 58.46, a PEG ratio of 1.97 and a beta of 1.26. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $226.87. The business’s fifty day moving average is $207.62 and its 200-day moving average is $195.53.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is presently 13.48%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. BTIG Research raised their target price on Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a report on Monday, November 3rd. BNP Paribas Exane assumed coverage on Howmet Aerospace in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Thursday, January 22nd. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a research note on Monday, November 3rd. Finally, Truist Financial set a $258.00 target price on Howmet Aerospace in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $224.53.

About Howmet Aerospace

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.