Fmr LLC Boosts Position in Howmet Aerospace Inc. (NYSE:HWM)

Fmr LLC boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 111.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,832,154 shares of the company’s stock after buying an additional 4,128,234 shares during the quarter. Fmr LLC’s holdings in Howmet Aerospace were worth $269,974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Smith Moore & CO. raised its position in Howmet Aerospace by 2.6% during the 2nd quarter. Smith Moore & CO. now owns 12,782 shares of the company’s stock worth $451,000 after buying an additional 328 shares during the last quarter. People s United Financial Inc. grew its stake in shares of Howmet Aerospace by 7.1% during the 2nd quarter. People s United Financial Inc. now owns 7,484 shares of the company’s stock worth $258,000 after purchasing an additional 493 shares during the period. Berman Capital Advisors LLC grew its stake in shares of Howmet Aerospace by 72.4% during the 2nd quarter. Berman Capital Advisors LLC now owns 1,550 shares of the company’s stock worth $53,000 after purchasing an additional 651 shares during the period. Corsicana & Co. acquired a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $25,000. Finally, Commerce Bank grew its stake in shares of Howmet Aerospace by 4.5% during the 2nd quarter. Commerce Bank now owns 16,894 shares of the company’s stock worth $582,000 after purchasing an additional 734 shares during the period. 90.22% of the stock is owned by institutional investors.

In other news, CFO Ken Giacobbe sold 4,386 shares of Howmet Aerospace stock in a transaction on Wednesday, September 8th. The stock was sold at an average price of $31.08, for a total transaction of $136,316.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.52% of the company’s stock.

Shares of HWM stock opened at $31.35 on Thursday. The stock’s fifty day moving average is $31.83 and its two-hundred day moving average is $32.70. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.09 and a current ratio of 2.28. The firm has a market capitalization of $13.45 billion, a P/E ratio of 46.79 and a beta of 1.93. Howmet Aerospace Inc. has a fifty-two week low of $16.57 and a fifty-two week high of $36.03.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Tuesday, August 3rd. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.22 billion. Howmet Aerospace had a return on equity of 8.41% and a net margin of 6.20%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. On average, equities analysts forecast that Howmet Aerospace Inc. will post 1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 25th. Shareholders of record on Friday, August 6th were issued a $0.02 dividend. The ex-dividend date was Thursday, August 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.26%. Howmet Aerospace’s payout ratio is currently 10.00%.

HWM has been the topic of a number of research analyst reports. UBS Group initiated coverage on shares of Howmet Aerospace in a research note on Monday, September 27th. They issued a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Friday, August 6th. Finally, KeyCorp dropped their price target on shares of Howmet Aerospace from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 28th. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Buy” and a consensus target price of $34.27.

Howmet Aerospace Profile

Howmet Aerospace, Inc engages in provision of engineered solutions for the aerospace and transportation industries. It operates through the following segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines (aerospace commercial and defense) and industrial gas turbines.

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

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