Symmetry Partners LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM – Get Rating) by 6.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,558 shares of the company’s stock after purchasing an additional 800 shares during the period. Symmetry Partners LLC’s holdings in Howmet Aerospace were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HWM. AIA Group Ltd purchased a new position in Howmet Aerospace in the first quarter valued at about $36,000. Sandy Spring Bank grew its stake in shares of Howmet Aerospace by 1,200.0% during the first quarter. Sandy Spring Bank now owns 1,300 shares of the company’s stock worth $47,000 after acquiring an additional 1,200 shares during the last quarter. Shell Asset Management Co. grew its stake in shares of Howmet Aerospace by 30.8% during the first quarter. Shell Asset Management Co. now owns 1,341 shares of the company’s stock worth $48,000 after acquiring an additional 316 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Howmet Aerospace by 297.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,750 shares of the company’s stock worth $55,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Ellevest Inc. grew its stake in shares of Howmet Aerospace by 47.6% during the first quarter. Ellevest Inc. now owns 2,096 shares of the company’s stock worth $75,000 after acquiring an additional 676 shares during the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their price target on Howmet Aerospace from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, September 8th. Argus boosted their price target on Howmet Aerospace from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Tuesday, June 7th. KeyCorp dropped their price target on Howmet Aerospace from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. Benchmark upgraded Howmet Aerospace from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, July 8th. Finally, Truist Financial began coverage on Howmet Aerospace in a report on Wednesday, July 6th. They set a “buy” rating and a $41.00 target price for the company. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $40.86.
Howmet Aerospace Trading Down 2.0 %
Howmet Aerospace (NYSE:HWM – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Howmet Aerospace had a return on equity of 15.45% and a net margin of 7.23%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the company posted $0.22 earnings per share. Howmet Aerospace’s revenue for the quarter was up 16.6% on a year-over-year basis. Sell-side analysts anticipate that Howmet Aerospace Inc. will post 1.42 EPS for the current year.
Howmet Aerospace Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Friday, August 5th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Thursday, August 4th. Howmet Aerospace’s payout ratio is presently 8.89%.
Howmet Aerospace Company 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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