Clarus Group Inc. Invests $246,000 in Howmet Aerospace Inc. (NYSE:HWM)

Clarus Group Inc. acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,457 shares of the company’s stock, valued at approximately $246,000.

Other hedge funds have also added to or reduced their stakes in the company. Veracity Capital LLC raised its position in shares of Howmet Aerospace by 9.0% during the 3rd quarter. Veracity Capital LLC now owns 8,253 shares of the company’s stock valued at $827,000 after acquiring an additional 679 shares during the last quarter. Raymond James & Associates grew its holdings in Howmet Aerospace by 10.5% during the third quarter. Raymond James & Associates now owns 421,142 shares of the company’s stock valued at $42,219,000 after purchasing an additional 39,933 shares during the period. Blue Trust Inc. increased its stake in Howmet Aerospace by 50.3% in the third quarter. Blue Trust Inc. now owns 2,542 shares of the company’s stock valued at $255,000 after purchasing an additional 851 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of Howmet Aerospace by 21.0% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 4,541 shares of the company’s stock valued at $455,000 after buying an additional 788 shares during the period. Finally, Claro Advisors LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at $393,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 0.4 %

Shares of NYSE:HWM traded up $0.47 during trading on Monday, reaching $106.01. The stock had a trading volume of 610,501 shares, compared to its average volume of 2,976,343. The stock has a market cap of $43.27 billion, a price-to-earnings ratio of 50.99, a P/E/G ratio of 1.51 and a beta of 1.46. Howmet Aerospace Inc. has a 52 week low of $42.94 and a 52 week high of $106.93. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53. The firm’s fifty day moving average is $97.95 and its 200 day moving average is $85.47.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.07. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.83 billion. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. As a group, equities analysts forecast that Howmet Aerospace Inc. will post 2.59 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is 15.46%.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HWM. BTIG Research lifted their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Benchmark upped their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upped their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada boosted their target price on Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average price target of $97.75.

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.