Janney Montgomery Scott LLC Lowers Stake in Howmet Aerospace Inc. (NYSE:HWM)

Janney Montgomery Scott LLC lessened its position in shares of Howmet Aerospace Inc. (NYSE:HWMGet Rating) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,996 shares of the company’s stock after selling 765 shares during the period. Janney Montgomery Scott LLC’s holdings in Howmet Aerospace were worth $835,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Clear Street Markets LLC grew its position in Howmet Aerospace by 402.6% during the second quarter. Clear Street Markets LLC now owns 784 shares of the company’s stock valued at $25,000 after acquiring an additional 628 shares during the period. CX Institutional purchased a new stake in shares of Howmet Aerospace in the second quarter worth about $35,000. CNB Bank boosted its position in shares of Howmet Aerospace by 1,412.0% in the second quarter. CNB Bank now owns 1,134 shares of the company’s stock worth $36,000 after buying an additional 1,059 shares during the period. Parallel Advisors LLC boosted its position in shares of Howmet Aerospace by 25.7% in the second quarter. Parallel Advisors LLC now owns 1,351 shares of the company’s stock worth $42,000 after buying an additional 276 shares during the period. Finally, Ronald Blue Trust Inc. purchased a new stake in shares of Howmet Aerospace in the second quarter worth about $57,000. Hedge funds and other institutional investors own 91.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HWM. Morgan Stanley upped their target price on Howmet Aerospace from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, December 12th. KeyCorp upped their target price on Howmet Aerospace from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 21st. Vertical Research decreased their target price on Howmet Aerospace to $45.00 in a research report on Friday, November 4th. Wolfe Research reaffirmed an “outperform” rating and issued a $44.00 target price on shares of Howmet Aerospace in a research report on Tuesday, October 11th. Finally, Wells Fargo & Company upped their target price on Howmet Aerospace from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $41.78.

Howmet Aerospace Trading Down 2.8 %

NYSE:HWM opened at $38.43 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.89 and a current ratio of 2.06. Howmet Aerospace Inc. has a one year low of $29.35 and a one year high of $41.02. The business’s 50-day simple moving average is $38.62 and its 200 day simple moving average is $36.21. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 0.99 and a beta of 1.53.

Howmet Aerospace (NYSE:HWMGet Rating) last released its quarterly earnings results on Monday, October 31st. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Howmet Aerospace had a return on equity of 16.76% and a net margin of 8.00%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 1.4 earnings per share for the current fiscal year.

Howmet Aerospace Profile

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Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

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Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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