Barometer Capital Management Inc. cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 4.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,531 shares of the company’s stock after selling 2,569 shares during the period. Howmet Aerospace makes up about 4.7% of Barometer Capital Management Inc.’s portfolio, making the stock its 2nd largest holding. Barometer Capital Management Inc.’s holdings in Howmet Aerospace were worth $11,415,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in HWM. Newbridge Financial Services Group Inc. raised its stake in Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after purchasing an additional 73 shares during the last quarter. Acumen Wealth Advisors LLC acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. Sound Income Strategies LLC grew its position in shares of Howmet Aerospace by 66.7% in the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock valued at $28,000 after purchasing an additional 50 shares in the last quarter. Cornerstone Financial Management LLC purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $28,000. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in shares of Howmet Aerospace by 65.1% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock valued at $28,000 after purchasing an additional 54 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.
Howmet Aerospace Trading Up 2.6%
HWM opened at $278.98 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.59 and a current ratio of 2.44. Howmet Aerospace Inc. has a one year low of $169.45 and a one year high of $290.63. The company has a market cap of $111.62 billion, a P/E ratio of 64.73, a PEG ratio of 2.14 and a beta of 1.19. The business’s 50-day simple moving average is $266.46 and its 200-day simple moving average is $247.91.
Howmet Aerospace Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th were issued a $0.12 dividend. The ex-dividend date was Friday, May 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is presently 11.14%.
Insider Activity at Howmet Aerospace
In related news, EVP Neil Edward Marchuk sold 41,932 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $269.50, for a total value of $11,300,674.00. Following the transaction, the executive vice president directly owned 65,105 shares of the company’s stock, valued at $17,545,797.50. This trade represents a 39.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.85% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Wells Fargo & Company assumed coverage on Howmet Aerospace in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $240.00 price objective on the stock. Citigroup boosted their price target on shares of Howmet Aerospace from $303.00 to $311.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. KeyCorp initiated coverage on shares of Howmet Aerospace in a research note on Wednesday, March 25th. They issued a “sector weight” rating for the company. Wall Street Zen lowered shares of Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 5th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $318.00 price target on shares of Howmet Aerospace in a research report on Tuesday, June 16th. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $293.21.
Get Our Latest Stock Analysis on HWM
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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