Baird Financial Group Inc. Increases Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Baird Financial Group Inc. raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 105.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,886 shares of the company’s stock after acquiring an additional 17,397 shares during the quarter. Baird Financial Group Inc.’s holdings in Howmet Aerospace were worth $3,706,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in HWM. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace in the 4th quarter worth $25,000. Meeder Asset Management Inc. lifted its holdings in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $25,000. R Squared Ltd acquired a new position in Howmet Aerospace in the 4th quarter valued at $26,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $29,000. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the sale, the vice president now owns 23,044 shares in the company, valued at $3,575,737.48. The trade was a 5.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.04% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays lifted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Royal Bank of Canada boosted their price target on shares of Howmet Aerospace from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. UBS Group lifted their target price on Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company boosted their price objective on Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.53.

Howmet Aerospace Trading Down 0.1 %

Shares of HWM stock opened at $157.40 on Friday. Howmet Aerospace Inc. has a 1-year low of $76.83 and a 1-year high of $159.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The business’s fifty day moving average price is $131.46 and its 200 day moving average price is $122.94. The firm has a market capitalization of $63.54 billion, a PE ratio of 55.82, a P/E/G ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. As a group, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace’s payout ratio is currently 13.03%.

Howmet Aerospace Company 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.