GSA Capital Partners LLP bought a new stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,891 shares of the company’s stock, valued at approximately $1,046,000.
Other hedge funds have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC raised its stake in shares of Howmet Aerospace by 55.1% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock worth $29,000 after buying an additional 38 shares during the last quarter. UMB Bank n.a. grew its stake in Howmet Aerospace by 2.6% in the 4th quarter. UMB Bank n.a. now owns 1,620 shares of the company’s stock valued at $332,000 after acquiring an additional 41 shares during the last quarter. Tudor Financial Inc. increased its holdings in Howmet Aerospace by 2.6% during the 4th quarter. Tudor Financial Inc. now owns 1,650 shares of the company’s stock valued at $338,000 after acquiring an additional 42 shares in the last quarter. Physician Wealth Advisors Inc. increased its holdings in Howmet Aerospace by 2.5% during the 1st quarter. Physician Wealth Advisors Inc. now owns 1,730 shares of the company’s stock valued at $399,000 after acquiring an additional 42 shares in the last quarter. Finally, Roman Butler Fullerton & Co. raised its position in Howmet Aerospace by 0.4% during the first quarter. Roman Butler Fullerton & Co. now owns 10,537 shares of the company’s stock worth $2,634,000 after acquiring an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Trading Up 0.1%
NYSE HWM opened at $289.37 on Tuesday. Howmet Aerospace Inc. has a one year low of $169.45 and a one year high of $310.00. The company’s 50 day moving average price is $276.89 and its 200 day moving average price is $256.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. The firm has a market capitalization of $115.78 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 2.07 and a beta of 1.20.
Howmet Aerospace Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be issued a $0.14 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.56 annualized dividend and a yield of 0.2%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s payout ratio is currently 12.07%.
Analysts Set New Price Targets
Several analysts have issued reports on HWM shares. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Howmet Aerospace in a report on Monday, August 10th. UBS Group raised their price objective on shares of Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Wall Street Zen lowered Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 5th. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $370.00 price target on shares of Howmet Aerospace in a research report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $315.67.
Get Our Latest Stock Analysis on Howmet Aerospace
Howmet Aerospace 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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