Howmet Aerospace Inc. $HWM Stock Purchased by Diversified Trust Co

Diversified Trust Co boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 13.5% in the third quarter, HoldingsChannel reports. The firm owned 25,229 shares of the company’s stock after acquiring an additional 3,003 shares during the period. Diversified Trust Co’s holdings in Howmet Aerospace were worth $5,706,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Advisors LLC grew its holdings in shares of Howmet Aerospace by 53.1% during the third quarter. Cornerstone Advisors LLC now owns 22,006 shares of the company’s stock worth $4,977,000 after purchasing an additional 7,635 shares during the last quarter. Financial Freedom LLC bought a new position in shares of Howmet Aerospace in the third quarter valued at about $168,000. Moors & Cabot Inc. raised its holdings in shares of Howmet Aerospace by 7.6% in the third quarter. Moors & Cabot Inc. now owns 1,736 shares of the company’s stock valued at $393,000 after buying an additional 123 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Howmet Aerospace by 9.1% in the third quarter. Allworth Financial LP now owns 19,562 shares of the company’s stock valued at $4,425,000 after buying an additional 1,632 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in Howmet Aerospace by 107.8% during the 3rd quarter. Fisher Asset Management LLC now owns 389,571 shares of the company’s stock worth $88,113,000 after buying an additional 202,127 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HWM. KeyCorp raised shares of Howmet Aerospace from a “sector weight” rating to an “overweight” rating and set a $237.00 price objective on the stock in a report on Tuesday, November 3rd. Wells Fargo & Company dropped their target price on shares of Howmet Aerospace from $315.00 to $255.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 30th. Jefferies Financial Group dropped their target price on shares of Howmet Aerospace from $370.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, November 2nd. Royal Bank Of Canada reduced their target price on shares of Howmet Aerospace from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $295.81.

Howmet Aerospace Trading Down 1.1%

HWM opened at $220.72 on Friday. The firm has a 50 day simple moving average of $219.89 and a 200 day simple moving average of $248.29. Howmet Aerospace Inc. has a fifty-two week low of $183.52 and a fifty-two week high of $310.00. The company has a market cap of $87.77 billion, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 1.63 and a beta of 1.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.86 and a quick ratio of 0.90.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, October 29th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.37 by $0.09. The company had revenue of $2.70 billion during 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 business’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. On average, sell-side analysts anticipate that Howmet Aerospace Inc. will post 5.49 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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

Howmet Aerospace Profile

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.