2,843 Howmet Aerospace Inc. $HWM Shares Purchased by Ibex Wealth Advisors

Ibex Wealth Advisors raised its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 7.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,421 shares of the company’s stock after buying an additional 2,843 shares during the period. Ibex Wealth Advisors’ holdings in Howmet Aerospace were worth $9,821,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HWM. West Paces Advisors Inc. acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth approximately $27,000. Bartlett & CO. Wealth Management LLC lifted its holdings in Howmet Aerospace by 55.1% during 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 during the last quarter. Markowski Investments acquired a new stake in Howmet Aerospace during the 2nd quarter valued at $29,000. Reyes Financial Architecture Inc. acquired a new stake in Howmet Aerospace during the 3rd quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC boosted its position in Howmet Aerospace by 328.1% during the third quarter. Retirement Wealth Solutions LLC now owns 137 shares of the company’s stock worth $31,000 after purchasing an additional 105 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on HWM shares. Zacks Research downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Royal Bank Of Canada cut their target price on shares of Howmet Aerospace from $350.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. TD Cowen cut their target price on shares of Howmet Aerospace from $320.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Guggenheim assumed coverage on shares of Howmet Aerospace in a report on Monday, September 14th. They set a “buy” rating and a $350.00 target price for the company. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $298.00 price target (down from $328.00) on shares of Howmet Aerospace in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $295.81.

Howmet Aerospace Stock Performance

Shares of NYSE HWM traded down $2.39 during trading hours on Friday, reaching $220.72. 2,349,743 shares of the stock were exchanged, compared to its average volume of 4,615,711. The firm has a market capitalization of $87.77 billion, a price-to-earnings ratio of 43.19, a P/E/G ratio of 1.63 and a beta of 1.31. The stock’s fifty day simple moving average is $219.89 and its 200 day simple moving average is $248.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.90 and a current ratio of 1.86. Howmet Aerospace Inc. has a 52 week low of $183.52 and a 52 week high of $310.00.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.46 earnings per share (EPS) 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 the consensus estimate of $2.59 billion. Howmet Aerospace had a return on equity of 36.44% and a net margin of 21.10%. The firm’s quarterly revenue was up 29.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. Sell-side analysts predict that Howmet Aerospace Inc. will post 5.49 EPS for the current year.

Howmet Aerospace Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.3%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 10.96%.

About Howmet Aerospace

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.