UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,074,688 shares of the company’s stock after acquiring an additional 232,619 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Howmet Aerospace were worth $826,661,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. BlackRock Inc. purchased a new position in Howmet Aerospace during the 2nd quarter valued at about $12,318,939,000. Bank of America Corp DE acquired a new position in Howmet Aerospace in the second quarter worth approximately $2,766,806,000. Norges Bank bought a new stake in Howmet Aerospace in the fourth quarter worth approximately $1,793,698,000. Jupiter Topco LLC acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth $2,065,086,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Howmet Aerospace during the 2nd quarter valued at $1,099,765,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Howmet Aerospace Trading Down 1.2%
HWM opened at $264.48 on Friday. The stock has a market capitalization of $105.82 billion, a PE ratio of 57.00, a PEG ratio of 1.89 and a beta of 1.20. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $277.41 and a two-hundred day moving average price of $260.48. Howmet Aerospace Inc. has a 1-year low of $170.81 and a 1-year high of $310.00.
Howmet Aerospace Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.2%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, August 7th. Howmet Aerospace’s payout ratio is currently 12.07%.
Analysts Set New Price Targets
HWM has been the subject of a number of analyst reports. Susquehanna boosted their price target on Howmet Aerospace from $330.00 to $340.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 5th. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Royal Bank Of Canada boosted their price target on Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $320.00 target price on shares of Howmet Aerospace in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $316.22.
View Our Latest Research Report on Howmet Aerospace
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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