Raymond James & Associates Boosts Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Raymond James & Associates increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 421,142 shares of the company's stock after purchasing an additional 39,933 shares during the period. Raymond James & Associates owned 0.10% of Howmet Aerospace worth $42,219,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cultivar Capital Inc. bought a new position in Howmet Aerospace in the 2nd quarter worth approximately $26,000. LGT Financial Advisors LLC grew its stake in Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock valued at $28,000 after acquiring an additional 262 shares in the last quarter. Rothschild Investment LLC purchased a new position in Howmet Aerospace during the second quarter valued at $32,000. Versant Capital Management Inc increased its holdings in Howmet Aerospace by 1,209.1% in the 2nd 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 last quarter. Finally, AlphaCentric Advisors LLC purchased a new stake in Howmet Aerospace in the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HWM. Sanford C. Bernstein raised their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research report on Monday. Royal Bank of Canada lifted their price objective on Howmet Aerospace from $90.00 to $105.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. BTIG Research increased their target price on Howmet Aerospace from $95.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, August 5th. KeyCorp boosted their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $101.50.

Insiders Place Their Bets

In other news, CFO Ken Giacobbe sold 154,909 shares of the firm's stock in a transaction 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 owns 155,135 shares in the company, valued at approximately $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Neil Edward Marchuk sold 70,637 shares of the business's 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 completion of the transaction, the executive vice president now directly owns 92,687 shares of the company's stock, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the company's stock in a transaction on Thursday, August 22nd. The stock was 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 $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.12% of the company's stock.

Howmet Aerospace Stock Down 3.5 %

Shares of HWM opened at $102.65 on Wednesday. The firm has a fifty day moving average price of $98.40 and a 200-day moving average price of $86.01. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $41.90 billion, a P/E ratio of 49.59, a P/E/G 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.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. The company had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.83 billion. Howmet Aerospace had a net margin of 13.15% and a return on equity of 23.02%. The firm's quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. Equities research analysts expect that Howmet Aerospace Inc. will post 2.59 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Friday, November 8th. Howmet Aerospace's dividend payout ratio (DPR) 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.