Vontobel Holding Ltd. cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 5.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 29,073 shares of the company’s stock after selling 1,674 shares during the quarter. Vontobel Holding Ltd.’s holdings in Howmet Aerospace were worth $5,411,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. REAP Financial Group LLC lifted its holdings in Howmet Aerospace by 101.9% during the second quarter. REAP Financial Group LLC now owns 212 shares of the company’s stock valued at $39,000 after purchasing an additional 107 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in Howmet Aerospace by 2,433.3% during the second quarter. AdvisorNet Financial Inc now owns 228 shares of the company’s stock valued at $42,000 after purchasing an additional 219 shares during the last quarter. Pinpoint Asset Management Ltd lifted its holdings in Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after purchasing an additional 71 shares during the last quarter. Hemington Wealth Management lifted its holdings in Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after purchasing an additional 81 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Howmet Aerospace by 114.6% during 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 during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.
Howmet Aerospace Stock Down 2.6%
HWM stock opened at $183.97 on Friday. 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’s 50 day moving average is $182.56 and its 200 day moving average is $167.65. The stock has a market cap of $74.16 billion, a price-to-earnings ratio of 53.79, a price-to-earnings-growth ratio of 2.44 and a beta of 1.45. Howmet Aerospace Inc. has a 1-year low of $98.83 and a 1-year high of $198.48.
Howmet Aerospace Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, November 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.04%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on HWM shares. Zacks Research cut Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday. BTIG Research set a $205.00 price target on Howmet Aerospace and gave the company a “buy” rating in a research report on Monday, August 4th. Susquehanna upped their price target on Howmet Aerospace from $210.00 to $220.00 and gave the company a “positive” rating in a research report on Thursday. Finally, Barclays reiterated an “overweight” rating and set a $190.00 price target (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $176.21.
Get 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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