M Holdings Securities Inc. Makes New $2.37 Million Investment in Howmet Aerospace Inc. $HWM

Key Points

• M Holdings Securities initiated a Howmet Aerospace position in the third quarter, buying 11,074 shares valued at approximately $2.37 million.
• Howmet reported quarterly EPS of $1.46, beating the $1.37 consensus estimate, while revenue of $2.70 billion exceeded expectations and rose 29.4% year over year.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $295.81; the company also announced a quarterly dividend of $0.14 per share.

M Holdings Securities Inc. purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,074 shares of the company's stock, valued at approximately $2,370,000.

Several other institutional investors have also modified their holdings of the company. West Paces Advisors Inc. bought a new position in Howmet Aerospace in the 2nd quarter worth about $27,000. Bartlett & CO. Wealth Management LLC boosted its position in shares of Howmet Aerospace by 55.1% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company's stock worth $29,000 after buying an additional 38 shares during the period. Markowski Investments acquired a new position in shares of Howmet Aerospace during the second quarter worth approximately $29,000. Reyes Financial Architecture Inc. acquired a new position in shares of Howmet Aerospace during the third quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC grew its holdings in Howmet Aerospace by 328.1% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 137 shares of the company's stock worth $31,000 after buying an additional 105 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Trading Down 0.0%

Shares of NYSE HWM opened at $205.79 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.70. Howmet Aerospace Inc. has a 12 month low of $183.52 and a 12 month high of $310.00. The company has a market cap of $81.83 billion, a price-to-earnings ratio of 40.27, a P/E/G ratio of 1.50 and a beta of 1.31. The business has a fifty day simple moving average of $223.40 and a 200-day simple moving average of $248.22.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $1.46 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.59 billion. During the same period last year, the firm posted $0.95 earnings per share. The firm's quarterly revenue was up 29.4% compared to the same quarter last year. Sell-side analysts predict that Howmet Aerospace Inc. will post 5.49 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Friday, November 6th will be issued a $0.14 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.3%. Howmet Aerospace's dividend payout ratio is presently 10.96%.

Analysts Set New Price Targets

Several research firms recently commented on HWM. Citigroup restated a "buy" rating on shares of Howmet Aerospace in a research report on Tuesday, October 27th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $298.00 price objective (down from $328.00) on shares of Howmet Aerospace in a report on Wednesday, October 7th. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $310.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Zacks Research lowered shares of Howmet Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 9th. Finally, TD Cowen lowered their target price on shares of Howmet Aerospace from $320.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $295.81.

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.

Howmet Aerospace became an independent company in 2020 following its separation from Arconic.

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