Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,571 shares of the company’s stock after acquiring an additional 200 shares during the period. Valeo Financial Advisors LLC’s holdings in Howmet Aerospace were worth $247,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HWM. Sapient Capital LLC purchased a new stake in shares of Howmet Aerospace during the fourth quarter worth approximately $3,957,000. Cerity Partners LLC acquired a new stake in shares of Howmet Aerospace in the 4th quarter worth $240,000. Custom Index Systems LLC purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $357,000. Geneos Wealth Management Inc. increased its stake in shares of Howmet Aerospace by 10.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock worth $122,000 after acquiring an additional 205 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in Howmet Aerospace in the fourth quarter valued at about $280,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of analyst reports. Sanford C. Bernstein began coverage on Howmet Aerospace in a research note on Friday, January 5th. They set an “outperform” rating and a $67.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of Howmet Aerospace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Barclays raised their price objective on shares of Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. KeyCorp upped their target price on shares of Howmet Aerospace from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Finally, UBS Group lifted their price target on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.08.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the transaction, the executive vice president now directly owns 229,568 shares in the company, valued at approximately $15,482,065.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.23% of the stock is owned by corporate insiders.

Howmet Aerospace Trading Down 0.8 %

Shares of HWM stock opened at $63.48 on Tuesday. The company has a market capitalization of $25.92 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 1.67 and a beta of 1.43. The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $65.33 and a 200 day moving average price of $56.07. Howmet Aerospace Inc. has a twelve month low of $42.17 and a twelve month high of $69.55.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.65 billion. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share. Research analysts forecast that Howmet Aerospace Inc. will post 2.18 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 9th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 0.32%. Howmet Aerospace’s payout ratio is currently 10.93%.

Howmet Aerospace Company Profile

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.