Deltec Asset Management LLC Invests $317,000 in Howmet Aerospace (NYSE:HWM)

Deltec Asset Management LLC bought a new position in shares of Howmet Aerospace (NYSE:HWM) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 20,000 shares of the company’s stock, valued at approximately $317,000.

A number of other hedge funds have also bought and sold shares of HWM. NuWave Investment Management LLC bought a new position in Howmet Aerospace during the first quarter worth about $28,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of Howmet Aerospace in the 2nd quarter valued at about $36,000. Endurance Wealth Management Inc. acquired a new stake in shares of Howmet Aerospace in the 1st quarter valued at about $37,000. CENTRAL TRUST Co acquired a new stake in shares of Howmet Aerospace in the 2nd quarter valued at about $45,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Howmet Aerospace in the 2nd quarter valued at about $61,000. Hedge funds and other institutional investors own 83.73% of the company’s stock.

NYSE:HWM opened at $14.78 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.08 and a debt-to-equity ratio of 1.22. The firm has a 50-day moving average of $15.23. The firm has a market capitalization of $6.60 billion, a P/E ratio of 6.55 and a beta of 1.34. Howmet Aerospace has a 52-week low of $9.87 and a 52-week high of $34.27.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Tuesday, May 5th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.36 billion. Howmet Aerospace had a return on equity of 22.09% and a net margin of 3.59%. The company’s quarterly revenue was down 9.4% on a year-over-year basis. Research analysts anticipate that Howmet Aerospace will post 0.53 EPS for the current year.

Several analysts have issued reports on the company. Zacks Investment Research downgraded Howmet Aerospace from a “hold” rating to a “sell” rating in a research note on Wednesday, July 15th. Cowen assumed coverage on Howmet Aerospace in a research note on Tuesday, May 5th. They issued a “hold” rating and a $14.00 price target on the stock. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $22.00 price target on shares of Howmet Aerospace in a research note on Friday, June 26th.

Howmet Aerospace Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries. It offers jet engine components, aerospace fastening systems, and titanium structural parts for mission-critical performance and efficiency in aerospace and defense applications, as well as forged wheels for commercial transportation.

Further Reading: FinTech

Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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