Bradley Foster & Sargent Inc. CT Has $16.16 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Bradley Foster & Sargent Inc. CT lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 49.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 208,119 shares of the company’s stock after selling 202,612 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Howmet Aerospace were worth $16,156,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Cultivar Capital Inc. bought a new stake in shares of Howmet Aerospace during the 2nd quarter valued at approximately $26,000. LGT Financial Advisors LLC increased its holdings in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares in the last quarter. Rothschild Investment LLC bought a new position in Howmet Aerospace in the second quarter valued at about $32,000. Versant Capital Management Inc grew its holdings in shares of Howmet Aerospace by 1,209.1% during the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock worth $34,000 after purchasing an additional 399 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of 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 purchasing an additional 228 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

HWM opened at $94.57 on Wednesday. The company has a market cap of $38.60 billion, a price-to-earnings ratio of 45.69, a PEG ratio of 1.41 and a beta of 1.46. The company’s fifty day moving average price is $90.30 and its two-hundred day moving average price is $79.94. Howmet Aerospace Inc. has a 1-year low of $42.94 and a 1-year high of $98.15. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68.

Howmet Aerospace (NYSE:HWM) last released its quarterly 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. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, analysts expect that Howmet Aerospace Inc. will post 2.59 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were issued a $0.08 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s dividend payout ratio is currently 15.46%.

Wall Street Analyst Weigh In

Several research firms recently commented on HWM. Robert W. Baird boosted their target price on shares of Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Truist Financial lifted their target price on Howmet Aerospace from $88.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Barclays upped their target price on Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Northcoast Research restated a “sell” rating and issued a $70.00 price target on shares of Howmet Aerospace in a research report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.67.

Insider Activity at Howmet Aerospace

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

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.