Jefferies Financial Group Inc. Sells 8,581 Shares of Howmet Aerospace Inc. $HWM

Jefferies Financial Group Inc. decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 135,821 shares of the company’s stock after selling 8,581 shares during the period. Jefferies Financial Group Inc.’s holdings in Howmet Aerospace were worth $30,720,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of 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 grew its position in shares of Howmet Aerospace by 55.1% in the second 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 in the last quarter. Markowski Investments acquired a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $29,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Howmet Aerospace in the third quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC increased its holdings in shares of Howmet Aerospace by 328.1% in the third quarter. Retirement Wealth Solutions LLC now owns 137 shares of the company’s stock valued at $31,000 after purchasing an additional 105 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $223.66 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.90 and a current ratio of 1.86. The stock has a market capitalization of $88.94 billion, a P/E ratio of 43.77, a PEG ratio of 1.60 and a beta of 1.31. The company has a 50 day moving average price of $221.28 and a 200 day moving average price of $248.23. Howmet Aerospace Inc. has a fifty-two week low of $183.52 and a fifty-two week high of $310.00.

Howmet Aerospace (NYSE:HWM) last posted 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 firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 29.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. Equities research analysts forecast that Howmet Aerospace Inc. will post 5.49 EPS for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Friday, November 6th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, November 6th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 10.96%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HWM. BNP Paribas Exane reduced their price objective on Howmet Aerospace from $310.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, October 30th. Weiss Ratings upgraded Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 19th. TD Cowen cut their target price on Howmet Aerospace from $320.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, October 9th. BTIG Research reduced their price target on Howmet Aerospace from $340.00 to $280.00 and set a “buy” rating on the stock in a report on Monday, November 2nd. Finally, UBS Group reduced their price target on Howmet Aerospace from $255.00 to $230.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $295.81.

Howmet Aerospace 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.