iSAM Funds UK Ltd purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 3,000 shares of the company’s stock, valued at approximately $807,000.
Other institutional investors have also recently bought and sold shares of the company. West Paces Advisors Inc. acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth approximately $27,000. Bartlett & CO. Wealth Management LLC grew its stake in Howmet Aerospace by 55.1% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock valued at $29,000 after buying an additional 38 shares during the last quarter. Acumen Wealth Advisors LLC acquired a new stake in Howmet Aerospace during the fourth quarter worth approximately $25,000. Newbridge Financial Services Group Inc. lifted its holdings in Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in Howmet Aerospace by 65.1% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Price Performance
Howmet Aerospace stock opened at $252.81 on Thursday. 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 52 week low of $172.41 and a 52 week high of $310.00. The stock has a market capitalization of $101.15 billion, a P/E ratio of 54.48, a price-to-earnings-growth ratio of 2.30 and a beta of 1.19. The stock has a fifty day moving average of $275.84 and a 200-day moving average of $261.10.
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 paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s payout ratio is currently 12.07%.
Analysts Set New Price Targets
HWM has been the topic of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $335.00 price objective on shares of Howmet Aerospace in a report on Monday, August 10th. UBS Group lifted their target price on Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $320.00 target price on shares of Howmet Aerospace in a research report on Friday, May 8th. Zacks Research raised shares of Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings upgraded Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $316.22.
Check Out Our Latest Stock Report on HWM
Howmet Aerospace 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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