Mather Group LLC. Acquires 239 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Mather Group LLC. boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,603 shares of the company’s stock after acquiring an additional 239 shares during the quarter. Mather Group LLC.’s holdings in Howmet Aerospace were worth $590,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HWM. Raymond James Financial Services Advisors Inc. increased its position in shares of Howmet Aerospace by 3.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 32,642 shares of the company’s stock valued at $1,767,000 after purchasing an additional 1,075 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Howmet Aerospace by 0.5% in the 4th quarter. Arizona State Retirement System now owns 107,627 shares of the company’s stock worth $5,825,000 after acquiring an additional 511 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Howmet Aerospace by 1.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 155,340 shares of the company’s stock worth $8,405,000 after purchasing an additional 2,313 shares during the period. International Assets Investment Management LLC grew its holdings in Howmet Aerospace by 1,025.8% during the 4th quarter. International Assets Investment Management LLC now owns 142,127 shares of the company’s stock valued at $7,692,000 after purchasing an additional 129,502 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in Howmet Aerospace by 7.1% during the 4th quarter. Bleakley Financial Group LLC now owns 4,922 shares of the company’s stock valued at $266,000 after purchasing an additional 326 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HWM shares. Barclays raised their price objective on shares of Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday. Argus boosted their price objective on Howmet Aerospace from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 6th. Royal Bank of Canada boosted their target price on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $72.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Finally, Benchmark lifted their price objective on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.67.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $84.26, for a total value of $2,748,055.64. Following the completion of the sale, the executive vice president now directly owns 217,687 shares in the company, valued at $18,342,306.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Up 2.7 %

Shares of NYSE:HWM traded up $2.35 on Tuesday, reaching $89.10. The company had a trading volume of 3,274,219 shares, compared to its average volume of 3,273,140. The firm has a market capitalization of $36.37 billion, a PE ratio of 43.04, a PEG ratio of 1.58 and a beta of 1.45. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. Howmet Aerospace Inc. has a 52-week low of $42.94 and a 52-week high of $97.29. The firm’s 50 day simple moving average is $82.10 and its 200-day simple moving average is $72.74.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, analysts expect that Howmet Aerospace Inc. will post 2.6 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 9th will be issued a $0.08 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. This represents a $0.32 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Friday, August 9th. Howmet Aerospace’s payout ratio is currently 15.46%.

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.