Howmet Aerospace Inc. $HWM Shares Purchased by Chapin Davis Inc.

Chapin Davis Inc. raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,525 shares of the company’s stock after buying an additional 3,502 shares during the period. Howmet Aerospace comprises about 2.3% of Chapin Davis Inc.’s holdings, making the stock its 12th largest holding. Chapin Davis Inc.’s holdings in Howmet Aerospace were worth $13,047,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HWM. UMB Bank n.a. grew its position in Howmet Aerospace by 2.6% in the 4th quarter. UMB Bank n.a. now owns 1,620 shares of the company’s stock valued at $332,000 after acquiring an additional 41 shares in the last quarter. Tudor Financial Inc. lifted its position in shares of Howmet Aerospace by 2.6% during the fourth quarter. Tudor Financial Inc. now owns 1,650 shares of the company’s stock worth $338,000 after purchasing an additional 42 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Howmet Aerospace by 2.5% in the first quarter. Physician Wealth Advisors Inc. now owns 1,730 shares of the company’s stock valued at $399,000 after purchasing an additional 42 shares during the period. Roman Butler Fullerton & Co. boosted its stake in shares of Howmet Aerospace by 0.4% in the first quarter. Roman Butler Fullerton & Co. now owns 10,537 shares of the company’s stock valued at $2,634,000 after purchasing an additional 42 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Howmet Aerospace by 4.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,077 shares of the company’s stock valued at $221,000 after purchasing an additional 42 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Up 1.1%

Shares of NYSE HWM opened at $291.28 on Thursday. The company has a market capitalization of $116.54 billion, a price-to-earnings ratio of 67.58, a price-to-earnings-growth ratio of 2.26 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.44 and a quick ratio of 1.59. The business has a 50-day moving average of $271.75 and a two-hundred day moving average of $253.31. Howmet Aerospace Inc. has a 1 year low of $169.45 and a 1 year high of $295.28.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.11. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the firm posted $0.86 EPS. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. On average, analysts forecast that Howmet Aerospace Inc. will post 5.05 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, August 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. BNP Paribas Exane reiterated an “outperform” rating and set a $340.00 target price (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $320.00 price objective on shares of Howmet Aerospace in a research report on Friday, May 8th. TD Cowen increased their price objective on Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Susquehanna lifted their target price on Howmet Aerospace from $300.00 to $330.00 and gave the company a “positive” rating in a report on Friday, May 8th. Finally, Wall Street Zen cut Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 5th. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.33.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 41,932 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $269.50, for a total value of $11,300,674.00. Following the completion of the transaction, the executive vice president directly owned 65,105 shares of the company’s stock, valued at $17,545,797.50. This represents a 39.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.85% of the stock is owned by company insiders.

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.