NatWest Group plc cut its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 32.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 48,804 shares of the company’s stock after selling 23,953 shares during the period. Howmet Aerospace accounts for 2.7% of NatWest Group plc’s investment portfolio, making the stock its 20th largest holding. NatWest Group plc’s holdings in Howmet Aerospace were worth $9,084,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Harbour Investments Inc. boosted its holdings in Howmet Aerospace by 10.1% in the 1st quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock worth $145,000 after buying an additional 102 shares during the period. PFG Advisors boosted its holdings in Howmet Aerospace by 37.9% in the 1st quarter. PFG Advisors now owns 9,593 shares of the company’s stock worth $1,245,000 after buying an additional 2,635 shares during the period. Private Trust Co. NA boosted its holdings in Howmet Aerospace by 65.4% in the 1st quarter. Private Trust Co. NA now owns 673 shares of the company’s stock worth $87,000 after buying an additional 266 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Howmet Aerospace in the 2nd quarter worth approximately $40,949,000. Finally, Diversified Trust Co boosted its holdings in Howmet Aerospace by 13.5% in the 2nd quarter. Diversified Trust Co now owns 22,297 shares of the company’s stock worth $4,150,000 after buying an additional 2,645 shares during the period. 90.46% of the stock is owned by institutional investors.
Howmet Aerospace Price Performance
Shares of Howmet Aerospace stock opened at $198.71 on Friday. The firm has a market cap of $80.11 billion, a PE ratio of 58.10, a price-to-earnings-growth ratio of 2.59 and a beta of 1.45. Howmet Aerospace Inc. has a 12-month low of $98.83 and a 12-month high of $202.50. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The company’s fifty day simple moving average is $185.51 and its two-hundred day simple moving average is $172.31.
Howmet Aerospace Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is presently 14.04%.
Wall Street Analyst Weigh In
HWM has been the topic of several recent analyst reports. Susquehanna increased their target price on shares of Howmet Aerospace from $210.00 to $220.00 and gave the stock a “positive” rating in a research note on Thursday, October 9th. Barclays reiterated an “overweight” rating and issued a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Truist Financial raised their price objective on shares of Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Bank of America raised their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.92.
View Our Latest Analysis on Howmet Aerospace
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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