Yousif Capital Management LLC trimmed its stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,595 shares of the company’s stock after selling 906 shares during the period. Yousif Capital Management LLC’s holdings in Howmet Aerospace were worth $9,976,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of HWM. Brighton Jones LLC lifted its holdings in shares of Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock valued at $279,000 after purchasing an additional 130 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Howmet Aerospace by 22.1% during the first quarter. GAMMA Investing LLC now owns 10,238 shares of the company’s stock valued at $1,328,000 after purchasing an additional 1,854 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Howmet Aerospace by 15.5% during the first quarter. Fifth Third Bancorp now owns 12,777 shares of the company’s stock valued at $1,658,000 after purchasing an additional 1,716 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of Howmet Aerospace by 15.7% during the first quarter. CVA Family Office LLC now owns 605 shares of the company’s stock valued at $78,000 after purchasing an additional 82 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Howmet Aerospace by 233.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company’s stock valued at $18,277,000 after purchasing an additional 98,642 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.
Howmet Aerospace Stock Up 3.2%
Shares of Howmet Aerospace stock opened at $190.04 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 1 year low of $98.83 and a 1 year high of $198.48. The stock has a 50-day moving average price of $182.75 and a 200 day moving average price of $168.55. The company has a market cap of $76.61 billion, a P/E ratio of 55.57, a P/E/G ratio of 2.39 and a beta of 1.45.
Howmet Aerospace Dividend Announcement
The company 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 dividend of $0.12 per share. 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 (DPR) is 14.04%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on HWM shares. Vertical Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $150.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Susquehanna increased their price objective on Howmet Aerospace from $210.00 to $220.00 and gave the stock a “positive” rating in a research note on Thursday. Morgan Stanley increased their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Finally, BTIG Research set a $205.00 price objective on Howmet Aerospace and gave the stock a “buy” rating in a research note on Monday, August 4th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued 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 an average price target of $176.21.
View Our Latest Stock Analysis on Howmet Aerospace
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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