Bradley Foster & Sargent Inc. CT Sells 202,612 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Bradley Foster & Sargent Inc. CT lowered its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 49.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 208,119 shares of the company’s stock after selling 202,612 shares during the quarter. Bradley Foster & Sargent Inc. CT owned 0.05% of Howmet Aerospace worth $16,156,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HWM. Vanguard Group Inc. raised its stake in Howmet Aerospace by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 45,247,674 shares of the company’s stock valued at $2,448,804,000 after purchasing an additional 1,274,974 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Howmet Aerospace by 18.7% in the first quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock valued at $1,223,358,000 after buying an additional 2,813,911 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Howmet Aerospace by 28.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock valued at $966,959,000 after acquiring an additional 3,158,186 shares during the period. Bank of New York Mellon Corp raised its holdings in Howmet Aerospace by 15.1% in the 1st quarter. Bank of New York Mellon Corp now owns 6,184,692 shares of the company’s stock valued at $423,218,000 after acquiring an additional 810,681 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of Howmet Aerospace by 41.3% in the 4th quarter. Capital World Investors now owns 3,507,255 shares of the company’s stock worth $189,813,000 after acquiring an additional 1,025,102 shares during the period. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Down 0.6 %

Howmet Aerospace stock opened at $94.57 on Wednesday. The company has a market cap of $38.60 billion, a P/E ratio of 45.69, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46. The company has a fifty day simple moving average of $90.30 and a 200 day simple moving average of $79.94. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. Howmet Aerospace Inc. has a 1-year low of $42.94 and a 1-year high of $98.15.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis. Research analysts anticipate that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 9th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.34%. Howmet Aerospace’s payout ratio is presently 15.46%.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on HWM shares. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Robert W. Baird raised their price target on shares of Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada lifted their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Northcoast Research reissued a “sell” rating and issued a $70.00 target price on shares of Howmet Aerospace in a research note on Friday, June 14th. Finally, Benchmark upped their price target on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $90.67.

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.