Howmet Aerospace Inc. $HWM Stock Purchased by Diversified Trust Co

Diversified Trust Co grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 13.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,229 shares of the company’s stock after acquiring an additional 3,003 shares during the quarter. Diversified Trust Co’s holdings in Howmet Aerospace were worth $5,706,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HWM. BlackRock Inc. bought a new stake in shares of Howmet Aerospace during the second quarter valued at approximately $12,318,939,000. Bank of America Corp DE bought a new position in Howmet Aerospace in the second quarter worth $2,766,806,000. Jupiter Topco LLC bought a new position in Howmet Aerospace in the second quarter worth $2,065,086,000. Bank of New York Mellon Corp acquired a new stake in Howmet Aerospace during the second quarter worth $1,099,765,000. Finally, Legal & General Group Plc acquired a new stake in Howmet Aerospace during the second quarter worth $580,991,000. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a report on Tuesday, October 27th. BNP Paribas Exane reduced their price objective on shares of Howmet Aerospace from $310.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, October 30th. KeyCorp upgraded shares of Howmet Aerospace from a “sector weight” rating to an “overweight” rating and set a $237.00 target price on the stock in a research report on Tuesday, November 3rd. BTIG Research lowered their target price on shares of Howmet Aerospace from $340.00 to $280.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $335.00 target price on shares of Howmet Aerospace in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $295.81.

Howmet Aerospace Stock Down 1.1%

Shares of NYSE:HWM opened at $220.72 on Friday. The company’s fifty day moving average is $219.89 and its 200-day moving average is $248.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.90 and a current ratio of 1.86. Howmet Aerospace Inc. has a 52 week low of $183.52 and a 52 week high of $310.00. The company has a market capitalization of $87.77 billion, a PE ratio of 43.19, a P/E/G ratio of 1.63 and a beta of 1.31.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, October 29th. The company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.09. Howmet Aerospace had a net margin of 21.10% and a return on equity of 36.44%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the company posted $0.95 EPS. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. Equities research analysts predict that Howmet Aerospace Inc. will post 5.49 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, November 6th. Howmet Aerospace’s dividend payout ratio is currently 10.96%.

About Howmet Aerospace

Howmet Aerospace designs and manufactures engineered metal products for the aerospace, commercial transportation and industrial markets. Its products include components for aircraft engines and airframes, fastening systems, and forged aluminum wheels for commercial trucks. The company operates through businesses focused on engine products, fastening systems, engineered structures and forged wheels. Its components and systems are used by aerospace manufacturers and suppliers, as well as customers in transportation and other industrial sectors.