AlphaQuest LLC lifted its position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 9.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,904 shares of the company’s stock after acquiring an additional 333 shares during the period. AlphaQuest LLC’s holdings in Howmet Aerospace were worth $727,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Interchange Capital Partners LLC acquired a new stake in shares of Howmet Aerospace in the 2nd quarter valued at approximately $39,000. REAP Financial Group LLC raised its position in shares of Howmet Aerospace by 101.9% in the 2nd quarter. REAP Financial Group LLC now owns 212 shares of the company’s stock valued at $39,000 after acquiring an additional 107 shares during the period. AdvisorNet Financial Inc raised its position in shares of Howmet Aerospace by 2,433.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 228 shares of the company’s stock valued at $42,000 after acquiring an additional 219 shares during the period. Pinpoint Asset Management Ltd raised its holdings in Howmet Aerospace by 42.8% during the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock worth $31,000 after buying an additional 71 shares during the period. Finally, Hemington Wealth Management raised its holdings in Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company’s stock worth $33,000 after buying an additional 81 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Howmet Aerospace Price Performance
Shares of HWM opened at $201.90 on Tuesday. The stock has a market capitalization of $81.39 billion, a P/E ratio of 59.04, a P/E/G ratio of 2.57 and a beta of 1.45. Howmet Aerospace Inc. has a twelve month low of $98.83 and a twelve month high of $202.84. The company has a 50 day moving average of $186.09 and a 200-day moving average of $173.54. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65.
Howmet Aerospace Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors 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 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.04%.
Wall Street Analysts Forecast Growth
HWM has been the topic of several research analyst reports. Barclays restated an “overweight” rating and set a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Morgan Stanley raised their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Vertical Research restated a “buy” rating on shares of Howmet Aerospace in a report on Thursday, July 31st. BTIG Research set a $205.00 target price on shares of Howmet Aerospace and gave the stock a “buy” rating in a report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.92.
Check Out Our Latest Stock Analysis on HWM
About Howmet Aerospace
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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