Universal Beteiligungs und Servicegesellschaft mbH cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 17.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 439,619 shares of the company’s stock after selling 92,297 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Howmet Aerospace worth $86,266,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Traub Capital Management LLC bought a new stake in Howmet Aerospace during the 2nd quarter valued at about $25,000. Winnow Wealth LLC purchased a new stake in shares of Howmet Aerospace during the 2nd quarter valued at $25,000. Newbridge Financial Services Group Inc. boosted its holdings in Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after acquiring an additional 73 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of Howmet Aerospace by 52.0% during the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after buying an additional 52 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Howmet Aerospace during the second quarter valued at $32,000. 90.46% of the stock is currently owned by institutional investors.
Howmet Aerospace Price Performance
Shares of NYSE:HWM opened at $220.16 on Wednesday. The firm has a market capitalization of $88.52 billion, a price-to-earnings ratio of 61.84, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. Howmet Aerospace Inc. has a 12 month low of $105.04 and a 12 month high of $226.87. The business’s 50 day simple moving average is $205.45 and its 200-day simple moving average is $193.68.
Howmet Aerospace Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, February 6th. Howmet Aerospace’s dividend payout ratio is 13.48%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. BNP Paribas upgraded Howmet Aerospace to a “strong-buy” rating in a research note on Tuesday, November 18th. BTIG Research lifted their target price on shares of Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Cowen reaffirmed a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. UBS Group raised their price target on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Susquehanna restated a “positive” rating and set a $255.00 price target on shares of Howmet Aerospace in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.53.
View Our Latest Stock Report on HWM
Howmet Aerospace Company Profile
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.
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