ASR Vermogensbeheer N.V. lessened its stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 30.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,227 shares of the company’s stock after selling 40,624 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Howmet Aerospace were worth $17,539,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Pinpoint Asset Management Ltd lifted its stake in shares of Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after acquiring an additional 71 shares during the period. 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 purchasing an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock worth $34,000 after purchasing an additional 141 shares during the last quarter. Rise Advisors LLC lifted its position in Howmet Aerospace by 32.4% during the 1st 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 period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Howmet Aerospace by 100.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company’s stock valued at $36,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Price Performance
Shares of HWM stock opened at $194.99 on Thursday. 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 Inc. has a 12-month low of $98.83 and a 12-month high of $198.48. The firm has a fifty day moving average of $182.25 and a 200-day moving average of $164.88. The firm has a market capitalization of $78.61 billion, a price-to-earnings ratio of 57.02, a price-to-earnings-growth ratio of 2.54 and a beta of 1.45.
Howmet Aerospace Dividend Announcement
The firm 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 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 of this dividend is Friday, November 7th. Howmet Aerospace’s dividend payout ratio is presently 14.04%.
Analyst Upgrades and Downgrades
HWM has been the subject of a number of recent research reports. Zacks Research downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Truist Financial raised their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Morgan Stanley increased their price target on Howmet Aerospace from $170.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus target price of $172.13.
Check Out Our Latest Report 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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