3,776 Howmet Aerospace Inc. $HWM Shares Sold by VestGen Advisors LLC

VestGen Advisors LLC reduced its position in Howmet Aerospace Inc. (NYSE:HWM) by 69.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,631 shares of the company’s stock after selling 3,776 shares during the period. VestGen Advisors LLC’s holdings in Howmet Aerospace were worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Premier Path Wealth Partners LLC raised its stake in shares of 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 buying an additional 37 shares during the period. Bartlett & CO. Wealth Management LLC increased its stake in Howmet Aerospace by 55.1% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock worth $29,000 after buying an additional 38 shares in the last quarter. Roman Butler Fullerton & Co. grew its position in shares of Howmet Aerospace by 0.4% during the first quarter. Roman Butler Fullerton & Co. now owns 10,537 shares of the company’s stock worth $2,634,000 after purchasing an additional 42 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in Howmet Aerospace by 4.3% during the 2nd quarter. Raleigh Capital Management Inc. now owns 1,094 shares of the company’s stock valued at $294,000 after buying an additional 45 shares in the last quarter. Finally, Anchyra Partners LLC raised its position in shares of Howmet Aerospace by 1.0% during the second quarter. Anchyra Partners LLC now owns 4,359 shares of the company’s stock valued at $1,172,000 after buying an additional 45 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Key Headlines Impacting Howmet Aerospace

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

• Positive Sentiment: KeyBanc upgraded Howmet Aerospace to Overweight following the third-quarter report, signaling confidence in the company’s earnings momentum and aerospace demand outlook. KeyBanc upgrades Howmet Aerospace to Overweight after Q3 report
• Positive Sentiment: Zacks said growth investors should not overlook HWM, citing above-average financial growth and the potential for the company to outperform the broader market. Howmet recently exceeded quarterly EPS and revenue estimates, with revenue rising 29.4% year over year. 3 Reasons Why Growth Investors Shouldn’t Overlook Howmet
• Neutral Sentiment: BTIG reduced its HWM price target to $280 from $340 but maintained a Buy rating. The lower target indicates reduced valuation expectations, while the rating still implies substantial potential upside from the referenced price level. BTIG Adjusts Price Target on Howmet Aerospace to $280 From $340
• Negative Sentiment: UBS lowered its price target to $230 from $255 and retained a Neutral rating, limiting the near-term bullish signal from the analyst community. UBS Group analyst recommendations
• Negative Sentiment: BNP Paribas Exane and Susquehanna also trimmed their price targets for Howmet, adding to concerns that the stock’s valuation and expectations may have moved ahead of near-term fundamentals. Howmet Aerospace Stock Gets Price Target Reduction from BNP Paribas Exane Howmet Aerospace Stock Gets Price Target Trim from Susquehanna

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $212.89 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87. Howmet Aerospace Inc. has a 1 year low of $183.52 and a 1 year high of $310.00. The firm has a market capitalization of $85.18 billion, a price-to-earnings ratio of 42.90, a price-to-earnings-growth ratio of 1.75 and a beta of 1.21. The business has a fifty day moving average of $227.83 and a 200 day moving average of $248.46.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the firm posted $0.95 EPS. Howmet Aerospace’s revenue for the quarter was up 29.4% compared to the same quarter last year. As a group, research analysts expect that Howmet Aerospace Inc. will post 5.45 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HWM shares. TD Cowen reduced their target price on Howmet Aerospace from $320.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Citigroup reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Tuesday, October 27th. Zacks Research cut Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Wells Fargo & Company decreased their price objective on shares of Howmet Aerospace from $315.00 to $255.00 and set an “equal weight” rating for the company in a report on Wednesday, September 30th. Finally, BTIG Research cut their price target on Howmet Aerospace from $340.00 to $280.00 and set a “buy” rating on the stock in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $298.75.

About Howmet Aerospace

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.