Groupe la Francaise boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 18.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 176,575 shares of the company’s stock after purchasing an additional 26,905 shares during the period. Groupe la Francaise’s holdings in Howmet Aerospace were worth $47,488,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in HWM. Brighton Jones LLC increased its holdings in shares of Howmet Aerospace by 5.4% in the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after buying an additional 130 shares during the period. Acadian Asset Management LLC purchased a new stake in Howmet Aerospace during the 1st quarter valued at about $399,000. Sivia Capital Partners LLC bought a new position in Howmet Aerospace during the 2nd quarter worth approximately $216,000. Brown Advisory Inc. increased its stake in Howmet Aerospace by 31.0% in the 2nd quarter. Brown Advisory Inc. now owns 4,180 shares of the company’s stock worth $778,000 after purchasing an additional 990 shares during the period. Finally, Cary Street Partners Financial LLC purchased a new position in Howmet Aerospace in the 2nd quarter worth approximately $145,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Howmet Aerospace Price Performance
HWM opened at $259.61 on Monday. 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 stock has a market capitalization of $103.87 billion, a PE ratio of 55.95, a price-to-earnings-growth ratio of 2.34 and a beta of 1.19. The stock’s 50 day moving average price is $275.44 and its 200-day moving average price is $261.23. Howmet Aerospace Inc. has a 52-week low of $173.38 and a 52-week high of $310.00.
Howmet Aerospace Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 7th. 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. Howmet Aerospace’s dividend payout ratio is 12.07%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on HWM. TD Cowen increased their price objective on Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, July 13th. BTIG Research lifted their target price on shares of Howmet Aerospace from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Wells Fargo & Company reiterated an “outperform” rating and set a $315.00 price target on shares of Howmet Aerospace in a report on Monday, August 10th. Morgan Stanley reissued an “overweight” rating and set a $335.00 price target on shares of Howmet Aerospace in a research report on Monday, August 10th. Finally, Zacks Research upgraded shares of Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $316.22.
Check Out Our Latest Stock Analysis on HWM
Howmet Aerospace Company 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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