Rakuten Investment Management Inc. Buys 6,175 Shares of Howmet Aerospace Inc. $HWM

Rakuten Investment Management Inc. increased its position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 9.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,665 shares of the company’s stock after acquiring an additional 6,175 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Howmet Aerospace were worth $16,550,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Premier Path Wealth Partners LLC grew its position in Howmet Aerospace by 1.0% in the second quarter. Premier Path Wealth Partners LLC now owns 3,812 shares of the company’s stock worth $1,025,000 after acquiring an additional 37 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Howmet Aerospace by 55.1% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock valued at $29,000 after purchasing an additional 38 shares in the last quarter. Roman Butler Fullerton & Co. grew its holdings in shares of Howmet Aerospace by 0.4% during the 1st quarter. Roman Butler Fullerton & Co. now owns 10,537 shares of the company’s stock valued at $2,634,000 after purchasing an additional 42 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in shares of Howmet Aerospace by 4.3% in the 2nd quarter. Raleigh Capital Management Inc. now owns 1,094 shares of the company’s stock valued at $294,000 after acquiring an additional 45 shares during the last quarter. Finally, Anchyra Partners LLC lifted its position in Howmet Aerospace by 1.0% in the second quarter. Anchyra Partners LLC now owns 4,359 shares of the company’s stock valued at $1,172,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group reduced their price target on Howmet Aerospace from $370.00 to $350.00 and set a “buy” rating on the stock in a report on Monday. Guggenheim began coverage on shares of Howmet Aerospace in a research report on Monday, September 14th. They issued a “buy” rating and a $350.00 target price on the stock. Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a report on Tuesday, October 27th. Susquehanna reduced their price target on Howmet Aerospace from $340.00 to $275.00 and set a “positive” rating for the company in a report on Friday, October 30th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $335.00 target price on shares of Howmet Aerospace in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.81.

Get Our Latest Stock Report on HWM

Howmet Aerospace Stock Down 4.4%

NYSE HWM opened at $213.24 on Thursday. The company has a market capitalization of $84.80 billion, a P/E ratio of 44.10, a price-to-earnings-growth ratio of 1.63 and a beta of 1.31. Howmet Aerospace Inc. has a 52 week low of $183.52 and a 52 week high of $310.00. The stock’s 50-day moving average price is $226.00 and its 200-day moving average price is $248.41. The company has a quick ratio of 0.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.70.

Howmet Aerospace (NYSE:HWM – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.37 by $0.09. Howmet Aerospace had a net margin of 21.10% and a return on equity of 36.44%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period last year, the firm earned $0.95 EPS. The company’s revenue was up 29.4% on a year-over-year basis. On average, equities research analysts predict that Howmet Aerospace Inc. will post 5.48 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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

Key Headlines Impacting Howmet Aerospace

Here are the key news stories impacting Howmet Aerospace this week:

Howmet Aerospace Profile

(Free Report)

Howmet Aerospace Inc (NYSE:HWM) is a global manufacturer of advanced engineered products and materials primarily serving the aerospace, defense, commercial transportation and industrial markets. The company develops components designed to operate in demanding environments where strength, durability and weight reduction are important.

Howmet’s product portfolio includes aircraft engine components, airframe structures, titanium and nickel-based forgings, fastening systems and wheels for commercial vehicles.

Further Reading

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

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