Coldstream Capital Management Inc. Purchases Shares of 5,844 Howmet Aerospace Inc. (NYSE:HWM)

Coldstream Capital Management Inc. purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 5,844 shares of the company’s stock, valued at approximately $316,000.

Other hedge funds have also bought and sold shares of the company. Signaturefd LLC lifted its position in shares of Howmet Aerospace by 25.3% in the third quarter. Signaturefd LLC now owns 4,065 shares of the company’s stock valued at $188,000 after acquiring an additional 820 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Howmet Aerospace in the third quarter valued at about $66,000. Ieq Capital LLC purchased a new position in shares of Howmet Aerospace in the third quarter valued at about $234,000. Victory Capital Management Inc. lifted its position in shares of Howmet Aerospace by 15.0% in the third quarter. Victory Capital Management Inc. now owns 347,072 shares of the company’s stock valued at $16,052,000 after acquiring an additional 45,246 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Howmet Aerospace by 5.9% in the third quarter. Retirement Systems of Alabama now owns 88,545 shares of the company’s stock valued at $4,095,000 after acquiring an additional 4,946 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the company’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 transaction, the executive vice president now owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.12% of the company’s stock.

Wall Street Analysts Forecast Growth

HWM has been the topic of several research analyst reports. Barclays boosted their price objective on Howmet Aerospace from $65.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Royal Bank of Canada boosted their price objective on Howmet Aerospace from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. UBS Group boosted their target price on Howmet Aerospace from $57.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Argus boosted their target price on Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Truist Financial boosted their target price on Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $73.67.

Howmet Aerospace Trading Up 2.8 %

Shares of HWM stock opened at $84.72 on Friday. Howmet Aerospace Inc. has a 1 year low of $42.17 and a 1 year high of $85.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $71.31 and its two-hundred day simple moving average is $61.97. The company has a market cap of $34.58 billion, a PE ratio of 40.93, a price-to-earnings-growth ratio of 1.52 and a beta of 1.41.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Research analysts predict that Howmet Aerospace Inc. will post 2.39 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. Howmet Aerospace’s dividend payout ratio is 9.66%.

Howmet Aerospace 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.