Raymond James Financial Services Advisors Inc. Has $873,000 Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Raymond James Financial Services Advisors Inc. increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 27,980 shares of the company’s stock after acquiring 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.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Howmet Aerospace by 1.6% during the second 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 during the period. BlackRock Inc. grew its stake in Howmet Aerospace by 1.1% in the second quarter. BlackRock Inc. now owns 36,311,322 shares of the company’s stock valued at $1,251,650,000 after acquiring an additional 395,178 shares during the period. Boston Partners grew its stake in Howmet Aerospace by 0.9% in the second quarter. Boston Partners now owns 19,149,921 shares of the company’s stock valued at $659,914,000 after acquiring an additional 175,964 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Howmet Aerospace by 52.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,886,638 shares of the company’s stock valued at $340,791,000 after acquiring an additional 3,406,445 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Howmet Aerospace by 7.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 9,281,878 shares of the company’s stock valued at $319,946,000 after acquiring an additional 651,534 shares during the period. 90.14% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have commented on HWM. UBS Group began coverage on Howmet Aerospace in a research note on Monday, September 27th. They issued a “buy” rating and a $40.00 price objective for the company. KeyCorp reduced their price objective on Howmet Aerospace from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, December 21st. Wolfe Research started coverage on Howmet Aerospace in a research note on Tuesday, November 16th. They issued an “outperform” rating and a $38.00 price objective for the company. Finally, Morgan Stanley started coverage on Howmet Aerospace in a report on Friday, December 3rd. They issued an “overweight” rating and a $40.00 target price on the stock. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $36.67.

Shares of Howmet Aerospace stock opened at $35.07 on Friday. The business’s fifty day simple moving average is $31.30 and its 200 day simple moving average is $31.71. The firm has a market capitalization of $14.98 billion, a P/E ratio of 53.95 and a beta of 1.85. Howmet Aerospace Inc. has a 12 month low of $22.91 and a 12 month high of $36.03. The company has a current ratio of 2.33, a quick ratio of 1.16 and a debt-to-equity ratio of 1.21.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, November 4th. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. The business 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%. Howmet Aerospace’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. Analysts predict that Howmet Aerospace Inc. will post 1 EPS for the current fiscal year.

In related news, VP Barbara Lou Shultz sold 2,038 shares of Howmet Aerospace 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.52% of the company’s stock.

Howmet Aerospace Profile

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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