Groupama Asset Managment lessened its stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 32.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,921 shares of the company’s stock after selling 6,333 shares during the period. Groupama Asset Managment’s holdings in Howmet Aerospace were worth $1,676,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Howmet Aerospace by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company’s stock valued at $6,202,814,000 after acquiring an additional 695,953 shares during the period. JPMorgan Chase & Co. boosted its holdings in Howmet Aerospace by 21.1% in the 1st quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company’s stock valued at $3,171,970,000 after purchasing an additional 4,252,401 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Howmet Aerospace by 0.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company’s stock valued at $1,445,210,000 after purchasing an additional 80,972 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Howmet Aerospace by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock valued at $1,197,315,000 after purchasing an additional 1,026,130 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Howmet Aerospace by 8.3% in the 1st quarter. Invesco Ltd. now owns 7,315,238 shares of the company’s stock valued at $949,006,000 after purchasing an additional 563,109 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Price Performance
Shares of NYSE:HWM opened at $171.8280 on Thursday. The business’s 50 day simple moving average is $179.92 and its 200-day simple moving average is $153.78. The firm has a market capitalization of $69.27 billion, a price-to-earnings ratio of 50.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.48. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. Howmet Aerospace Inc. has a 12 month low of $90.71 and a 12 month high of $193.26.
Howmet Aerospace Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.10. Howmet Aerospace’s payout ratio is presently 14.04%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on HWM. Vertical Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Wall Street Zen raised Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. BTIG Research set a $205.00 price objective on Howmet Aerospace and gave the company a “buy” rating in a report on Monday, August 4th. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $150.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Bank of America lifted their price objective on Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Fourteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus target price of $172.13.
View Our Latest Stock Report on HWM
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.
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