Intech Investment Management LLC trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 40.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,818 shares of the company’s stock after selling 12,970 shares during the period. Intech Investment Management LLC’s holdings in Howmet Aerospace were worth $2,441,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Pinpoint Asset Management Ltd raised its position in Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after buying an additional 71 shares during the period. Hemington Wealth Management grew its stake in Howmet Aerospace by 46.6% in the first quarter. Hemington Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after purchasing an additional 81 shares in the last quarter. GPS Wealth Strategies Group LLC grew its stake in Howmet Aerospace by 114.6% in the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock valued at $34,000 after purchasing an additional 141 shares in the last quarter. Rise Advisors LLC grew its stake in Howmet Aerospace by 32.4% in the first 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. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in Howmet Aerospace by 100.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company’s stock valued at $36,000 after purchasing an additional 140 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.
Howmet Aerospace Price Performance
Shares of HWM stock opened at $189.34 on Tuesday. The stock has a 50 day moving average of $180.49 and a two-hundred day moving average of $159.95. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 12 month low of $93.51 and a 12 month high of $193.26. The company has a market capitalization of $76.33 billion, a P/E ratio of 55.36, a P/E/G ratio of 2.40 and a beta of 1.45.
Howmet Aerospace Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were given a $0.12 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.10. Howmet Aerospace’s dividend payout ratio is 14.04%.
Analysts Set New Price Targets
Several research firms have recently issued reports on HWM. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $150.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Wall Street Zen upgraded Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Barclays reiterated an “overweight” rating and set a $190.00 price target (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Finally, Morgan Stanley upped their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $172.13.
Read Our Latest Stock 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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