Focus Partners Wealth lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 12.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,351 shares of the company’s stock after purchasing an additional 1,928 shares during the quarter. Focus Partners Wealth’s holdings in Howmet Aerospace were worth $2,251,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of HWM. Brighton Jones LLC grew its holdings in shares of Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares in the last quarter. State of Wyoming boosted its stake in Howmet Aerospace by 271.8% in the fourth quarter. State of Wyoming now owns 3,662 shares of the company’s stock valued at $401,000 after buying an additional 2,677 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Howmet Aerospace by 15.9% in the fourth quarter. Two Sigma Advisers LP now owns 8,000 shares of the company’s stock valued at $875,000 after buying an additional 1,100 shares in the last quarter. Vident Advisory LLC boosted its stake in Howmet Aerospace by 21.3% in the fourth quarter. Vident Advisory LLC now owns 13,009 shares of the company’s stock valued at $1,423,000 after buying an additional 2,287 shares in the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in Howmet Aerospace in the fourth quarter valued at about $324,000. 90.46% of the stock is owned by institutional investors and hedge funds.
Howmet Aerospace Stock Performance
NYSE:HWM opened at $187.52 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. Howmet Aerospace Inc. has a 52-week low of $93.51 and a 52-week high of $193.26. The firm has a market cap of $75.59 billion, a price-to-earnings ratio of 54.83, a PEG ratio of 2.45 and a beta of 1.45. The business’s fifty day moving average is $180.65 and its 200 day moving average is $160.14.
Howmet Aerospace Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were given a dividend of $0.12 per share. The ex-dividend date was Friday, August 8th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 0.3%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.04%.
Wall Street Analyst Weigh In
HWM has been the subject of several research reports. Vertical Research reiterated a “buy” rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Bank of America increased their target price on Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada restated an “outperform” rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Wall Street Zen upgraded Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, BTIG Research set a $205.00 target price on Howmet Aerospace and gave the stock a “buy” rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $172.13.
Read Our Latest Research Report 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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