Blair William & Co. IL lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,454 shares of the company’s stock after acquiring an additional 349 shares during the quarter. Blair William & Co. IL’s holdings in Howmet Aerospace were worth $14,416,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of HWM. Pinpoint Asset Management Ltd boosted its stake in Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock worth $31,000 after purchasing an additional 71 shares in the last quarter. Hemington Wealth Management raised its holdings in shares of Howmet Aerospace by 46.6% in the first quarter. Hemington Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after buying an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position 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 buying an additional 141 shares in the last quarter. Rise Advisors LLC grew its holdings in Howmet Aerospace by 32.4% during the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock worth $35,000 after acquiring an additional 66 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in 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 acquiring an additional 140 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.
Howmet Aerospace Stock Down 2.6%
Shares of Howmet Aerospace stock opened at $183.97 on Friday. 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 business has a fifty day simple moving average of $182.56 and a 200 day simple moving average of $167.65. The stock has a market cap of $74.16 billion, a PE ratio of 53.79, a price-to-earnings-growth ratio of 2.44 and a beta of 1.45.
Howmet Aerospace Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace’s payout ratio is currently 14.04%.
Wall Street Analyst Weigh In
HWM has been the topic of a number of research reports. BTIG Research set a $205.00 target price on shares of Howmet Aerospace and gave the stock a “buy” rating in a research report on Monday, August 4th. Barclays reiterated an “overweight” rating and issued a $190.00 price objective (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday. Morgan Stanley upped 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 reiterated an “outperform” rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average price target of $176.21.
Get Our Latest Research Report on HWM
Howmet Aerospace Profile
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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