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Creative Planning increased its stake in Howmet Aerospace Inc. (NYSE: HWM – Get Rating) by 13.6% in the third quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The company owned his 29,599 shares of the company’s stock after purchasing an additional 3,551 shares during the quarter. Creative Planning’s stake in Howmet Aerospace was valued at $915,000 at the end of the most recent quarter.
Other big investors have increased or decreased their stakes in the company recently. Verition Fund Management LLC expanded his Howmet Aerospace position by 105.7% in the second quarter. Verition Fund Management LLC now owns 145,302 shares of the company’s stock worth $4,570,000 after he purchased an additional 74,666 shares during this period. Clear Street Markets LLC boosted his Howmet Aerospace stock position by 52.6% in the third quarter. Clear Street Markets LLC now owns 1,196 shares of the company stock valued at $37,000 after purchasing an additional 412 shares during this period. Commonwealth Equity Services LLC boosted his Howmet Aerospace stock position by 6.7% in the second quarter. Commonwealth Equity Services LLC now owns 34,268 shares of the company stock valued at $1,077,000 after purchasing an additional 2,156 shares during this period. The State of Michigan Retirement System boosted his Howmet Aerospace stock position by 6.1% in the second quarter. The State of Michigan Retirement System now owns 101,545 shares of the company stock worth $3,194,000 after purchasing an additional 5,800 shares during this period. Finally, Mount Yale Investment Advisors LLC boosted his Howmet Aerospace stock position by 10.7% in the second quarter. Mount Yale Investment Advisors LLC now owns 12,110 shares worth $381,000 after purchasing an additional 1,169 shares during this period. Currently 91.49% of the shares are owned by institutional investors.
Wall Street Analyst Predicts Growth
Many research firms participate in HWM. Bank of America began coverage of Howmet Aerospace shares in a research report on Monday, Oct. 10. They gave the company a buy rating and a price target of $40.00 on the company. Vertical Research lowered its price target on Howmet Aerospace stock to $45.00 in its research report on Friday, November 4th. Morgan Stanley raised its price target on Howmet Aerospace stock from $45.00 to $47.00 and gave the stock an “overweight” rating in its research report on Monday, Dec. 12. Wells Fargo & Company raised its price target on Howmet Aerospace stock from $40.00 to $43.00, giving it an Overweight rating in its report on Wednesday, November 9th. Finally, Wolfe Research reissued an “outperform” rating and set a price target of $44.00 on Howmet Aerospace shares in its Tuesday, October 11 report. One stock researcher gave the stock a hold rating, and seven assigned a buy rating to the stock. According to MarketBeat.com data, Howmet Aerospace’s current consensus rating is “moderate buy” with a consensus target price of $41.78.
Howmet Aerospace price/performance ratio
HWM shares opened at $40.40 on Monday. The company has a market capitalization of $16.71 billion, a PE ratio of 39.22, a P/E ratio of 0.98 and a beta of 1.53. The company has a 50-day moving average price of $38.97 and a 200-day moving average price of $36.54. The company has an equity ratio of 1.30, a quick ratio of 0.89 and a current ratio of 2.06. Howmet Aerospace Inc. has a year low of $29.35 and a year high of $41.10.
Howmet Aerospace (NYSE:HWM – Get Rating) last reported quarterly results on Monday, Oct. 31. The company reported his earnings per share (EPS) of $0.36 for the quarter, meeting analyst consensus expectations of his $0.36. The company posted $1.43 billion in revenue for the quarter, compared to consensus expectations of $1.44 billion. Howmet Aerospace had a net profit margin of 8.00% and a return on equity of 16.76%. Howmet Aerospace revenue increased 11.7% year-over-year. During the same quarter last year, the company made his $0.27 earnings per share. On average, equity analysts expect Howmet Aerospace Inc. to post 1.4 EPS for the current fiscal year.
Howmet Aerospace company profile
(get rating)
Howmet Aerospace Inc provides advanced engineering solutions for the US, Japan, France, Germany, UK, Mexico, Italy, Canada, Poland, China and international aerospace and transportation industries. He operates in four segments: Engine Products, Fastening Systems, Engineered Structures and Forged Wheels.
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