Guardian Capital LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 2,369 shares of the company’s stock, valued at approximately $486,000.
A number of other hedge funds also recently made changes to their positions in the business. Salomon & Ludwin LLC raised its holdings in shares of Howmet Aerospace by 12.5% during the fourth quarter. Salomon & Ludwin LLC now owns 423 shares of the company’s stock valued at $90,000 after buying an additional 47 shares during the last quarter. Catalyst Financial Partners LLC increased its stake in shares of Howmet Aerospace by 0.9% during the fourth quarter. Catalyst Financial Partners LLC now owns 5,561 shares of the company’s stock valued at $1,140,000 after acquiring an additional 48 shares during the period. Burns J W & Co. Inc. NY increased its stake in shares of Howmet Aerospace by 2.6% during the fourth quarter. Burns J W & Co. Inc. NY now owns 1,949 shares of the company’s stock valued at $400,000 after acquiring an additional 49 shares during the period. HBW Advisory Services LLC increased its stake in shares of Howmet Aerospace by 2.5% during the fourth quarter. HBW Advisory Services LLC now owns 1,990 shares of the company’s stock valued at $408,000 after acquiring an additional 49 shares during the period. Finally, Earned Wealth Advisors LLC increased its stake in shares of Howmet Aerospace by 1.0% during the fourth quarter. Earned Wealth Advisors LLC now owns 5,023 shares of the company’s stock valued at $1,030,000 after acquiring an additional 50 shares during the period. Institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Trading Down 4.4%
Howmet Aerospace stock opened at $260.45 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.59 and a current ratio of 2.44. The firm has a market cap of $104.21 billion, a price-to-earnings ratio of 60.43, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19. Howmet Aerospace Inc. has a 1 year low of $160.01 and a 1 year high of $280.74. The firm’s 50 day moving average price is $246.96 and its two-hundred day moving average price is $226.47.
Howmet Aerospace Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th will be given a $0.12 dividend. The ex-dividend date is Friday, May 8th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s payout ratio is 11.14%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Wolfe Research set a $270.00 price objective on shares of Howmet Aerospace and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Wells Fargo & Company assumed coverage on shares of Howmet Aerospace in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $240.00 price objective on the stock. Morgan Stanley reiterated an “overweight” rating and set a $315.00 price objective on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, UBS Group raised their price objective on shares of Howmet Aerospace from $260.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Eighteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $283.84.
Get Our Latest Stock Analysis on Howmet Aerospace
Insider Activity at Howmet Aerospace
In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,000 shares of Howmet Aerospace stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $260.00, for a total value of $260,000.00. Following the transaction, the vice president owned 23,874 shares in the company, valued at approximately $6,207,240. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 45,150 shares of Howmet Aerospace stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $251.70, for a total transaction of $11,364,255.00. Following the completion of the transaction, the executive vice president owned 107,008 shares in the company, valued at approximately $26,933,913.60. This trade represents a 29.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 88,082 shares of company stock worth $22,924,929. 0.85% of the stock is currently owned by company insiders.
Howmet Aerospace Company 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.
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