NorthCrest Asset Manangement LLC Acquires 1,268 Shares of Howmet Aerospace Inc. (NYSE:HWM)

NorthCrest Asset Manangement LLC lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 10.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,610 shares of the company’s stock after acquiring an additional 1,268 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Howmet Aerospace were worth $1,364,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HWM. Cultivar Capital Inc. acquired a new position in Howmet Aerospace in the second quarter worth about $26,000. LGT Financial Advisors LLC boosted its stake in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after buying an additional 262 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Howmet Aerospace in the 2nd quarter valued at $32,000. Versant Capital Management Inc grew its position in Howmet Aerospace by 1,209.1% in the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after acquiring an additional 399 shares during the period. Finally, Whittier Trust Co. raised its stake in Howmet Aerospace by 81.4% during the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock worth $35,000 after acquiring an additional 228 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction on 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 sale, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HWM shares. JPMorgan Chase & Co. boosted their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Barclays boosted their price target on shares of Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Royal Bank of Canada raised their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Susquehanna assumed coverage on Howmet Aerospace in a research report on Tuesday, October 8th. They set a “positive” rating and a $120.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.50.

Howmet Aerospace Trading Up 0.8 %

Shares of HWM opened at $101.39 on Friday. The stock’s fifty day simple moving average is $98.79 and its 200-day simple moving average is $86.61. The firm has a market capitalization of $41.39 billion, a PE ratio of 48.98, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46. Howmet Aerospace Inc. has a 12-month low of $42.94 and a 12-month high of $106.93. 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 released its earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.83 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. As a group, research analysts predict that Howmet Aerospace Inc. will post 2.59 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.32%. Howmet Aerospace’s payout ratio is presently 15.46%.

About Howmet Aerospace

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.