AustralianSuper Pty Ltd lowered its position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 11.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,179,819 shares of the company’s stock after selling 157,874 shares during the period. Howmet Aerospace comprises about 1.1% of AustralianSuper Pty Ltd’s portfolio, making the stock its 17th largest position. AustralianSuper Pty Ltd owned about 0.29% of Howmet Aerospace worth $219,600,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. raised its holdings in shares of Howmet Aerospace by 10.1% in the first quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock valued at $145,000 after purchasing an additional 102 shares during the last quarter. PFG Advisors raised its holdings in shares of Howmet Aerospace by 37.9% in the first quarter. PFG Advisors now owns 9,593 shares of the company’s stock valued at $1,245,000 after purchasing an additional 2,635 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Howmet Aerospace by 65.4% in the first quarter. Private Trust Co. NA now owns 673 shares of the company’s stock valued at $87,000 after purchasing an additional 266 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Howmet Aerospace in the second quarter valued at about $40,949,000. Finally, Diversified Trust Co raised its holdings in shares of Howmet Aerospace by 13.5% in the second quarter. Diversified Trust Co now owns 22,297 shares of the company’s stock valued at $4,150,000 after purchasing an additional 2,645 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Price Performance
Shares of NYSE:HWM opened at $198.71 on Monday. 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 firm has a market capitalization of $80.11 billion, a PE ratio of 58.10, a P/E/G ratio of 2.57 and a beta of 1.45. Howmet Aerospace Inc. has a twelve month low of $98.83 and a twelve month high of $202.50. The company has a 50-day moving average price of $185.51 and a two-hundred day moving average price of $173.03.
Howmet Aerospace Dividend Announcement
The firm 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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, November 7th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.04%.
Wall Street Analyst Weigh In
Several analysts have recently commented on HWM shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Howmet Aerospace in a report on Monday, June 30th. Bank of America increased their price target 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. Truist Financial increased their price target 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. Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, BTIG Research set a $205.00 price target on shares of Howmet Aerospace and gave the company a “buy” rating in a research report on Monday, August 4th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.92.
Check Out Our Latest Report 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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