United Capital Financial Advisors LLC acquired a new position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,270 shares of the company’s stock, valued at approximately $4,374,000.
Other hedge funds have also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc grew its holdings in Howmet Aerospace by 752.6% during the fourth quarter. MUFG Securities EMEA plc now owns 65,783 shares of the company’s stock valued at $13,487,000 after purchasing an additional 58,067 shares during the period. M&T Bank Corp raised its stake in shares of Howmet Aerospace by 75.0% in the fourth quarter. M&T Bank Corp now owns 42,975 shares of the company’s stock valued at $8,810,000 after buying an additional 18,417 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Howmet Aerospace by 57.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,190 shares of the company’s stock valued at $2,909,000 after buying an additional 5,181 shares during the period. Bearing Point Capital LLC lifted its position in shares of Howmet Aerospace by 9.5% during the 4th quarter. Bearing Point Capital LLC now owns 54,619 shares of the company’s stock valued at $11,198,000 after buying an additional 4,757 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of Howmet Aerospace by 95.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 24,338 shares of the company’s stock worth $5,609,000 after acquiring an additional 11,878 shares during the period. Institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Trading Down 1.2%
Howmet Aerospace stock opened at $264.48 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. Howmet Aerospace Inc. has a fifty-two week low of $170.81 and a fifty-two week high of $310.00. The stock has a market cap of $105.82 billion, a P/E ratio of 57.00, a PEG ratio of 1.91 and a beta of 1.20. The firm’s fifty day moving average price is $277.41 and its 200-day moving average price is $260.48.
Howmet Aerospace Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, August 7th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.07%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on HWM shares. Zacks Research upgraded Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. UBS Group boosted their price target on shares of Howmet Aerospace from $299.00 to $326.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Jefferies Financial Group restated a “buy” rating and set a $370.00 target price on shares of Howmet Aerospace in a research report on Sunday, August 9th. BNP Paribas Exane reiterated an “outperform” rating and issued a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $335.00 target price on shares of Howmet Aerospace in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $316.22.
Get Our Latest Stock Report on HWM
About Howmet Aerospace
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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