6,677 Howmet Aerospace Inc. $HWM Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM) by 11.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,234 shares of the company’s stock after buying an additional 6,677 shares during the quarter. Kestra Advisory Services LLC’s holdings in Howmet Aerospace were worth $14,528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at $12,318,939,000. State Street Corp increased its stake in shares of Howmet Aerospace by 3.3% in the second quarter. State Street Corp now owns 18,933,928 shares of the company’s stock worth $5,090,576,000 after acquiring an additional 612,866 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Howmet Aerospace during the second quarter worth $2,766,806,000. Jupiter Topco LLC purchased a new stake in shares of Howmet Aerospace during the second quarter worth $2,065,086,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Howmet Aerospace during the second quarter worth $1,099,765,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HWM has been the subject of a number of research reports. Guggenheim started coverage on Howmet Aerospace in a research report on Monday, September 14th. They set a “buy” rating and a $350.00 price objective for the company. UBS Group dropped their target price on Howmet Aerospace from $255.00 to $230.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Citigroup reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Tuesday, October 27th. JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Finally, Jefferies Financial Group reduced their price target on Howmet Aerospace from $370.00 to $350.00 and set a “buy” rating for the company in a report on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $295.81.

Howmet Aerospace Stock Down 0.0%

Shares of Howmet Aerospace stock opened at $205.79 on Monday. The stock has a market capitalization of $81.83 billion, a P/E ratio of 40.27, a PEG ratio of 1.50 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. The stock has a 50 day moving average price of $223.40 and a two-hundred day moving average price of $248.22. Howmet Aerospace Inc. has a 12-month low of $183.52 and a 12-month high of $310.00.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.37 by $0.09. Howmet Aerospace had a return on equity of 36.44% and a net margin of 21.10%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 29.4% compared to the same quarter last year. Equities analysts expect that Howmet Aerospace Inc. will post 5.49 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 6th will be paid a $0.14 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 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.

Howmet Aerospace became an independent company in 2020 following its separation from Arconic.