Yousif Capital Management LLC decreased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 1.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 53,595 shares of the company’s stock after selling 906 shares during the period. Yousif Capital Management LLC’s holdings in Howmet Aerospace were worth $9,976,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. REAP Financial Group LLC increased its holdings in shares of Howmet Aerospace by 101.9% during the 2nd quarter. REAP Financial Group LLC now owns 212 shares of the company’s stock valued at $39,000 after acquiring an additional 107 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Howmet Aerospace by 2,433.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 228 shares of the company’s stock valued at $42,000 after acquiring an additional 219 shares during the last quarter. Pinpoint Asset Management Ltd increased its holdings in shares of Howmet Aerospace by 42.8% during the 1st 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 last quarter. Hemington Wealth Management increased its holdings in shares of Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after acquiring an additional 81 shares during the last quarter. Finally, Rise Advisors LLC increased its holdings in shares of 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 acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Price Performance
Shares of NYSE:HWM opened at $190.04 on Tuesday. The business has a 50 day moving average price of $182.75 and a 200 day moving average price of $168.55. Howmet Aerospace Inc. has a twelve month low of $98.83 and a twelve month high of $198.48. The company has a market cap of $76.61 billion, a price-to-earnings ratio of 55.57, a PEG ratio of 2.39 and a beta of 1.45. 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 Dividend Announcement
The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.3%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.04%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on HWM shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Howmet Aerospace in a report on Monday, June 30th. Susquehanna increased their price objective on Howmet Aerospace from $210.00 to $220.00 and gave the company a “positive” rating in a report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $150.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, Barclays restated an “overweight” rating and set a $190.00 target price (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and an average price target of $176.21.
Read Our Latest Stock 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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