Good Life Advisors LLC Boosts Position in Howmet Aerospace Inc. (NYSE:HWM)

Good Life Advisors LLC grew its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 121.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,246 shares of the company’s stock after buying an additional 29,248 shares during the period. Good Life Advisors LLC’s holdings in Howmet Aerospace were worth $5,338,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HWM. Cultivar Capital Inc. bought a new stake in shares of Howmet Aerospace during the second quarter valued at approximately $26,000. LGT Financial Advisors LLC boosted its holdings in Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares in the last quarter. Rothschild Investment LLC bought a new stake in Howmet Aerospace in the second quarter worth $32,000. Versant Capital Management Inc raised its stake in shares of Howmet Aerospace by 1,209.1% in the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock worth $34,000 after purchasing an additional 399 shares during the last quarter. Finally, Whittier Trust Co. raised its stake in shares of Howmet Aerospace by 81.4% in the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock worth $35,000 after purchasing an additional 228 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded up $0.71 during midday trading on Thursday, reaching $106.02. 418,983 shares of the stock traded hands, compared to its average volume of 2,984,324. The stock’s fifty day moving average is $97.42 and its 200-day moving average is $84.77. Howmet Aerospace Inc. has a 12 month low of $42.94 and a 12 month high of $106.74. The stock has a market cap of $43.28 billion, a P/E ratio of 50.87, a PEG ratio of 1.51 and a beta of 1.46. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68.

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

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.30%. Howmet Aerospace’s payout ratio is presently 15.46%.

Insider Buying and Selling

In other news, CFO Ken Giacobbe sold 154,909 shares of the 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 sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Ken Giacobbe sold 154,909 shares of the 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 sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Susquehanna assumed coverage on Howmet Aerospace in a research note on Tuesday, October 8th. They issued a “positive” rating and a $120.00 price target for the company. Royal Bank of Canada upped their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. KeyCorp upped their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Barclays upped their price target on Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, BTIG Research upped their price target on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.63.

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.