Abel Hall LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,247 shares of the company’s stock, valued at approximately $232,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Pinpoint Asset Management Ltd increased its holdings in shares of Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after buying an additional 71 shares in the last quarter. Hemington Wealth Management increased its holdings in shares of Howmet Aerospace by 46.6% in the first quarter. Hemington Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after buying an additional 81 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in shares of Howmet Aerospace by 114.6% in the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock valued at $34,000 after buying an additional 141 shares in the last quarter. Rise Advisors LLC increased its holdings in shares of Howmet Aerospace by 32.4% in the first quarter. Rise Advisors LLC now owns 270 shares of the company’s stock valued at $35,000 after buying an additional 66 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Howmet Aerospace by 100.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company’s stock valued at $36,000 after buying an additional 140 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Howmet Aerospace Trading Up 0.1%
NYSE HWM opened at $191.59 on Thursday. Howmet Aerospace Inc. has a 1-year low of $98.83 and a 1-year high of $198.48. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $77.24 billion, a PE ratio of 56.02, a price-to-earnings-growth ratio of 2.48 and a beta of 1.45. The firm’s fifty day simple moving average is $182.40 and its 200-day simple moving average is $166.97.
Howmet Aerospace Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Howmet Aerospace’s dividend payout ratio is 14.04%.
Analyst Upgrades and Downgrades
HWM has been the topic of several research reports. Bank of America upped their price target on Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. BTIG Research set a $205.00 price target on Howmet Aerospace and gave the company a “buy” rating in a report on Monday, August 4th. JPMorgan Chase & Co. boosted their target price on shares of Howmet Aerospace from $150.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Barclays reissued an “overweight” rating and set a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.50.
Check Out Our Latest Stock Analysis 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.
Read More
- Five stocks we like better than Howmet Aerospace
- Dividend Capture Strategy: What You Need to Know
- Lowe’s vs. Home Depot: Which Benefits More From Lower Rates?
- What Are Some of the Best Large-Cap Stocks to Buy?
- These 5 Beaten-Down Tech Stocks Could Catch Fire Next
- How to Read Stock Charts for Beginners
- Falcon Flex Drives Growth as CrowdStrike Bets on AI Security
Receive News & Ratings for Howmet Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howmet Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.