USA Financial Formulas trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 18.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,260 shares of the company’s stock after selling 1,170 shares during the period. USA Financial Formulas’ holdings in Howmet Aerospace were worth $979,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HWM. JPMorgan Chase & Co. raised its position in shares of Howmet Aerospace by 21.1% in the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company’s stock valued at $3,171,970,000 after buying an additional 4,252,401 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Howmet Aerospace in the first quarter valued at approximately $366,209,000. Westfield Capital Management Co. LP acquired a new stake in shares of Howmet Aerospace in the first quarter valued at approximately $147,251,000. Goldman Sachs Group Inc. raised its position in shares of Howmet Aerospace by 58.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,094,971 shares of the company’s stock valued at $271,781,000 after buying an additional 771,271 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. acquired a new stake in shares of Howmet Aerospace in the first quarter valued at approximately $93,529,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Howmet Aerospace Price Performance
Howmet Aerospace stock opened at $194.99 on Thursday. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $78.61 billion, a PE ratio of 57.02, a P/E/G ratio of 2.54 and a beta of 1.45. Howmet Aerospace Inc. has a 12 month low of $98.83 and a 12 month high of $198.48. The stock has a 50-day moving average price of $182.25 and a two-hundred day moving average price of $164.88.
Howmet Aerospace Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be given a $0.12 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.04%.
Analyst Upgrades and Downgrades
Several research analysts have commented on HWM shares. 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 boosted their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Vertical Research restated a “buy” rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Bank of America boosted 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, BTIG Research set a $205.00 price objective on shares of Howmet Aerospace and gave the company a “buy” rating in a research report on Monday, August 4th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $172.13.
Check Out 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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