Knights of Columbus Asset Advisors LLC Grows Position in Howmet Aerospace Inc. (NYSE:HWM)

Knights of Columbus Asset Advisors LLC boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,456 shares of the company’s stock after purchasing an additional 781 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Howmet Aerospace were worth $3,434,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HWM. US Bancorp DE lifted its position in Howmet Aerospace by 9.7% during the first quarter. US Bancorp DE now owns 20,717 shares of the company’s stock valued at $745,000 after purchasing an additional 1,834 shares in the last quarter. HighTower Advisors LLC lifted its position in Howmet Aerospace by 299.5% during the first quarter. HighTower Advisors LLC now owns 31,892 shares of the company’s stock valued at $1,147,000 after purchasing an additional 23,910 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Howmet Aerospace by 2.2% during the first quarter. Panagora Asset Management Inc. now owns 31,230 shares of the company’s stock valued at $1,122,000 after acquiring an additional 663 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Howmet Aerospace by 5.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,781 shares of the company’s stock valued at $1,825,000 after acquiring an additional 2,520 shares during the period. Finally, APG Asset Management N.V. raised its holdings in Howmet Aerospace by 4.0% during the first quarter. APG Asset Management N.V. now owns 20,900 shares of the company’s stock valued at $675,000 after acquiring an additional 800 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the sale, the executive vice president now directly owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HWM. UBS Group raised their price target on Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Truist Financial raised Howmet Aerospace from a “hold” rating to a “buy” rating and raised their price target for the company from $47.00 to $74.00 in a report on Wednesday, January 10th. The Goldman Sachs Group raised their price target on Howmet Aerospace from $65.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Finally, Barclays raised their price target on Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

Howmet Aerospace Trading Down 0.1 %

Shares of HWM stock opened at $63.41 on Friday. The stock’s 50-day moving average price is $65.71 and its 200-day moving average price is $56.50. The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.88. Howmet Aerospace Inc. has a 12-month low of $42.17 and a 12-month high of $69.55. The stock has a market capitalization of $25.90 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 1.65 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the firm posted $0.38 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts predict that Howmet Aerospace Inc. will post 2.18 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Friday, February 9th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 0.32%. Howmet Aerospace’s payout ratio is currently 10.93%.

Howmet Aerospace Company Profile

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.