Centaurus Financial Inc. Purchases New Stake in Howmet Aerospace Inc. (NYSE:HWM)

Centaurus Financial Inc. purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,261 shares of the company’s stock, valued at approximately $122,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Valeo Financial Advisors LLC raised its stake in Howmet Aerospace by 4.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock valued at $247,000 after purchasing an additional 200 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Howmet Aerospace by 10.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock worth $122,000 after acquiring an additional 205 shares in the last quarter. Lindbrook Capital LLC raised its stake in Howmet Aerospace by 34.4% during the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock worth $48,000 after acquiring an additional 229 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Howmet Aerospace by 0.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,869 shares of the company’s stock worth $2,645,000 after acquiring an additional 247 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Howmet Aerospace by 33.1% during the fourth quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after acquiring an additional 271 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HWM. Benchmark reissued a “buy” rating and set a $53.00 target price on shares of Howmet Aerospace in a research note on Friday, April 19th. Robert W. Baird boosted their target price on Howmet Aerospace from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Northcoast Research reaffirmed a “sell” rating and issued a $70.00 price objective on shares of Howmet Aerospace in a research note on Friday, June 14th. Argus upped their price objective on Howmet Aerospace from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, The Goldman Sachs Group upped their price objective on Howmet Aerospace from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $74.69.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the transaction, the executive vice president now directly owns 217,687 shares in the company, valued at approximately $18,342,306.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $80.20 on Thursday. The business’s 50 day simple moving average is $77.09 and its 200 day simple moving average is $65.95. Howmet Aerospace Inc. has a one year low of $42.94 and a one year high of $85.52. The stock has a market capitalization of $32.74 billion, a PE ratio of 38.74, a PEG ratio of 1.47 and a beta of 1.50. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. As a group, research analysts forecast that Howmet Aerospace Inc. will post 2.39 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, May 9th. Howmet Aerospace’s payout ratio is 9.66%.

Howmet Aerospace 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.