Edmonds Duncan Registered Investment Advisors LLC Sells 580 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Edmonds Duncan Registered Investment Advisors LLC trimmed its position in Howmet Aerospace Inc. (NYSE:HWM) by 10.7% during the first quarter, HoldingsChannel.com reports. The firm owned 4,820 shares of the company’s stock after selling 580 shares during the quarter. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Howmet Aerospace were worth $330,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Headinvest LLC acquired a new stake in shares of Howmet Aerospace in the third quarter valued at about $30,000. Lindbrook Capital LLC grew its position in shares of Howmet Aerospace by 34.4% in the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after purchasing an additional 229 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Howmet Aerospace by 62.9% in the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock valued at $53,000 after purchasing an additional 377 shares during the last quarter. S.A. Mason LLC boosted its stake in shares of Howmet Aerospace by 31.8% in the first quarter. S.A. Mason LLC now owns 1,035 shares of the company’s stock valued at $71,000 after buying an additional 250 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Howmet Aerospace by 33.1% in the fourth quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock valued at $59,000 after buying an additional 271 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HWM has been the subject of several recent research reports. Truist Financial boosted their price target on Howmet Aerospace from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Benchmark reiterated a “buy” rating and issued a $53.00 price target on shares of Howmet Aerospace in a research note on Friday, April 19th. Wells Fargo & Company boosted their price target on Howmet Aerospace from $72.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. KeyCorp upped their target price on Howmet Aerospace from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Finally, Argus upped their target price on Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $75.88.

Howmet Aerospace Trading Up 0.9 %

NYSE HWM traded up $0.72 on Tuesday, reaching $78.02. The company had a trading volume of 530,098 shares, compared to its average volume of 3,236,056. The firm has a market cap of $31.85 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of 1.43 and a beta of 1.46. Howmet Aerospace Inc. has a fifty-two week low of $42.94 and a fifty-two week high of $85.52. The business has a 50 day moving average of $79.49 and a two-hundred day moving average of $67.48. 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 issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business posted $0.42 EPS. The business’s revenue was up 13.8% compared to the same quarter last year. Analysts forecast that Howmet Aerospace Inc. will post 2.39 EPS for the current year.

Howmet Aerospace Dividend Announcement

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. The ex-dividend date was Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. Howmet Aerospace’s payout ratio is currently 9.66%.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 32,614 shares of the stock in a transaction dated Monday, June 3rd. The shares were 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 owns 217,687 shares of the company’s stock, valued at approximately $18,342,306.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.12% of the company’s stock.

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.