Raymond James Financial Services Advisors Inc. Buys 633 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,980 shares of the company’s stock after purchasing an additional 633 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Howmet Aerospace were worth $873,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Howmet Aerospace by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 41,567,445 shares of the company’s stock worth $1,432,830,000 after purchasing an additional 657,514 shares in the last quarter. BlackRock Inc. raised its stake in shares of Howmet Aerospace by 1.1% during the 2nd quarter. BlackRock Inc. now owns 36,311,322 shares of the company’s stock worth $1,251,650,000 after purchasing an additional 395,178 shares in the last quarter. Boston Partners raised its stake in shares of Howmet Aerospace by 0.9% during the 2nd quarter. Boston Partners now owns 19,149,921 shares of the company’s stock worth $659,914,000 after purchasing an additional 175,964 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Howmet Aerospace by 52.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,886,638 shares of the company’s stock worth $340,791,000 after purchasing an additional 3,406,445 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Howmet Aerospace by 7.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 9,281,878 shares of the company’s stock worth $319,946,000 after purchasing an additional 651,534 shares in the last quarter. Institutional investors own 90.14% of the company’s stock.

HWM has been the topic of a number of recent analyst reports. KeyCorp decreased their target price on Howmet Aerospace from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, December 21st. Wolfe Research initiated coverage on Howmet Aerospace in a report on Tuesday, November 16th. They set an “outperform” rating and a $38.00 target price on the stock. Morgan Stanley initiated coverage on Howmet Aerospace in a report on Friday, December 3rd. They set an “overweight” rating and a $40.00 target price on the stock. Finally, UBS Group initiated coverage on Howmet Aerospace in a report on Monday, September 27th. They set a “buy” rating and a $40.00 target price on the stock. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $36.67.

Shares of NYSE HWM opened at $35.07 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.33 and a quick ratio of 1.16. The stock’s fifty day moving average price is $31.30 and its two-hundred day moving average price is $31.71. Howmet Aerospace Inc. has a one year low of $22.91 and a one year high of $36.03. The firm has a market cap of $14.98 billion, a price-to-earnings ratio of 53.95 and a beta of 1.85.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, November 4th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Howmet Aerospace had a return on equity of 11.38% and a net margin of 5.83%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS. On average, equities analysts anticipate that Howmet Aerospace Inc. will post 1 earnings per share for the current fiscal year.

In other news, VP Barbara Lou Shultz sold 2,038 shares of the company’s stock in a transaction on Thursday, November 11th. The stock was sold at an average price of $32.30, for a total transaction of $65,827.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

About Howmet Aerospace

Howmet Aerospace, Inc engages in provision of engineered solutions for the aerospace and transportation industries. It operates through the following segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines (aerospace commercial and defense) and industrial gas turbines.

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Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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