US Bancorp DE boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,588 shares of the company’s stock after acquiring an additional 993 shares during the quarter. US Bancorp DE’s holdings in Howmet Aerospace were worth $7,369,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of HWM. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Howmet Aerospace by 4.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,491 shares of the company’s stock valued at $278,000 after purchasing an additional 61 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Howmet Aerospace by 3.1% in the 2nd quarter. Venturi Wealth Management LLC now owns 2,093 shares of the company’s stock valued at $390,000 after purchasing an additional 62 shares in the last quarter. Rise Advisors LLC boosted its stake in shares of Howmet Aerospace by 32.4% in the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock valued at $35,000 after purchasing an additional 66 shares in the last quarter. Pinpoint Asset Management Ltd boosted its stake in shares of Howmet Aerospace by 42.8% in the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Finally, Golden State Equity Partners boosted its stake in shares of Howmet Aerospace by 4.4% in the 2nd quarter. Golden State Equity Partners now owns 1,820 shares of the company’s stock valued at $339,000 after purchasing an additional 77 shares in the last quarter. 90.46% of the stock is owned by institutional investors.
Howmet Aerospace Trading Down 2.6%
HWM opened at $183.97 on Monday. Howmet Aerospace Inc. has a twelve month low of $98.83 and a twelve month high of $198.48. 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 company has a fifty day moving average of $182.56 and a 200-day moving average of $168.13. The stock has a market cap of $74.16 billion, a PE ratio of 53.79, a price-to-earnings-growth ratio of 2.39 and a beta of 1.45.
Howmet Aerospace Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace’s dividend payout ratio is 14.04%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Howmet Aerospace in a research report on Monday, June 30th. BTIG Research set a $205.00 target price on shares of Howmet Aerospace and gave the stock a “buy” rating in a research report on Monday, August 4th. Finally, Barclays reiterated an “overweight” rating and set a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $176.21.
View Our Latest Analysis on HWM
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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