Howmet Aerospace Inc. $HWM Shares Acquired by Ibex Wealth Advisors

Ibex Wealth Advisors raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 7.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 43,421 shares of the company’s stock after acquiring an additional 2,843 shares during the period. Ibex Wealth Advisors’ holdings in Howmet Aerospace were worth $9,821,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Shah Wealth Advisors LLC bought a new position in shares of Howmet Aerospace during the 3rd quarter worth approximately $219,000. Diversified Trust Co lifted its position in shares of Howmet Aerospace by 13.5% in the third quarter. Diversified Trust Co now owns 25,229 shares of the company’s stock worth $5,706,000 after purchasing an additional 3,003 shares in the last quarter. Cornerstone Advisors LLC lifted its position in shares of Howmet Aerospace by 53.1% in the third quarter. Cornerstone Advisors LLC now owns 22,006 shares of the company’s stock worth $4,977,000 after purchasing an additional 7,635 shares in the last quarter. Financial Freedom LLC acquired a new position in Howmet Aerospace during the third quarter worth $168,000. Finally, Moors & Cabot Inc. boosted its holdings in Howmet Aerospace by 7.6% during the third quarter. Moors & Cabot Inc. now owns 1,736 shares of the company’s stock worth $393,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

HWM has been the topic of several recent research reports. BTIG Research lowered their price target on shares of Howmet Aerospace from $340.00 to $280.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Guggenheim started coverage on shares of Howmet Aerospace in a research report on Monday, September 14th. They set a “buy” rating and a $350.00 price target on the stock. Zacks Research downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Susquehanna decreased their price objective 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, Royal Bank Of Canada lowered their target price on Howmet Aerospace from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.81.

Howmet Aerospace Stock Down 1.1%

Shares of NYSE HWM traded down $2.39 during trading hours on Friday, hitting $220.72. The company had a trading volume of 2,349,743 shares, compared to its average volume of 4,615,711. The stock has a market capitalization of $87.77 billion, a P/E ratio of 43.19, a price-to-earnings-growth ratio of 1.63 and a beta of 1.31. 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 Inc. has a 1-year low of $183.52 and a 1-year high of $310.00. The firm’s 50 day moving average is $219.89 and its 200-day moving average is $248.29.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, October 29th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.09. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Howmet Aerospace had a net margin of 21.10% and a return on equity of 36.44%. The firm’s revenue was up 29.4% on a year-over-year basis. During the same period last year, the business earned $0.95 earnings per share. On average, analysts expect that Howmet Aerospace Inc. will post 5.49 earnings per share for the current fiscal 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 given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, November 6th. Howmet Aerospace’s dividend payout ratio (DPR) is 10.96%.

Howmet Aerospace Company Profile

Howmet Aerospace designs and manufactures engineered metal products for the aerospace, commercial transportation and industrial markets. Its products include components for aircraft engines and airframes, fastening systems, and forged aluminum wheels for commercial trucks. The company operates through businesses focused on engine products, fastening systems, engineered structures and forged wheels. Its components and systems are used by aerospace manufacturers and suppliers, as well as customers in transportation and other industrial sectors.