WINTON GROUP Ltd increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 37.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,814 shares of the company’s stock after buying an additional 7,059 shares during the period. WINTON GROUP Ltd’s holdings in Howmet Aerospace were worth $4,805,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Traub Capital Management LLC bought a new stake in Howmet Aerospace in the second quarter valued at approximately $25,000. Winnow Wealth LLC bought a new stake in Howmet Aerospace in the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp acquired a new stake in Howmet Aerospace during the 2nd quarter valued at $32,000. 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 purchasing an additional 66 shares during the last quarter. Finally, Penserra Capital Management LLC raised its holdings in Howmet Aerospace by 450.0% in the 2nd quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock valued at $36,000 after acquiring an additional 162 shares during the period. 90.46% of the stock is owned by institutional investors.
Howmet Aerospace Price Performance
Howmet Aerospace stock opened at $190.94 on Monday. The firm has a market capitalization of $76.77 billion, a P/E ratio of 53.63, a PEG ratio of 2.19 and a beta of 1.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The business has a fifty day moving average price of $198.24 and a 200-day moving average price of $185.75. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $211.95.
Howmet Aerospace Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th were issued a $0.12 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.48 annualized dividend and a yield of 0.3%. Howmet Aerospace’s dividend payout ratio is 13.48%.
Analysts Set New Price Targets
Several brokerages have commented on HWM. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Morgan Stanley set a $225.00 price target on Howmet Aerospace and gave the stock an “overweight” rating in a report on Friday, October 31st. Truist Financial raised their price objective on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Susquehanna set a $235.00 target price on Howmet Aerospace and gave the company a “positive” rating in a research report on Friday, October 31st. Finally, UBS Group increased their target price on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $216.93.
Check Out Our Latest 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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