Burford Brothers Inc. Trims Stake in Howmet Aerospace Inc. (NYSE:HWM)

Burford Brothers Inc. trimmed its stake in Howmet Aerospace Inc. (NYSE:HWM) by 4.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,533 shares of the company’s stock after selling 105 shares during the period. Burford Brothers Inc.’s holdings in Howmet Aerospace were worth $254,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Howmet Aerospace by 18.7% in the 1st quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock worth $1,223,358,000 after purchasing an additional 2,813,911 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Howmet Aerospace by 28.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after purchasing an additional 3,158,186 shares in the last quarter. Lone Pine Capital LLC purchased a new stake in shares of Howmet Aerospace in the 2nd quarter worth $284,539,000. TD Asset Management Inc increased its stake in shares of Howmet Aerospace by 16.9% in the 2nd quarter. TD Asset Management Inc now owns 3,152,629 shares of the company’s stock worth $244,739,000 after purchasing an additional 455,180 shares in the last quarter. Finally, Capital Research Global Investors purchased a new stake in shares of Howmet Aerospace in the 1st quarter worth $148,996,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on HWM. Truist Financial increased their price target on Howmet Aerospace from $105.00 to $123.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Robert W. Baird increased their price target on Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Benchmark increased their price target on Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Susquehanna began coverage on Howmet Aerospace in a research note on Tuesday, October 8th. They issued a “positive” rating and a $120.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.50.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is owned by insiders.

Howmet Aerospace Stock Up 0.8 %

Shares of NYSE:HWM opened at $101.39 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. Howmet Aerospace Inc. has a 12 month low of $42.94 and a 12 month high of $106.93. The company has a 50-day moving average price of $98.79 and a 200 day moving average price of $86.47. The company has a market cap of $41.39 billion, a price-to-earnings ratio of 48.98, a PEG ratio of 1.51 and a beta of 1.46.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.07. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.83 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. As a group, equities research analysts predict that Howmet Aerospace Inc. will post 2.59 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s payout ratio is currently 15.46%.

Howmet Aerospace 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.