Arkadios Wealth Advisors bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,194 shares of the company’s stock, valued at approximately $222,000.
Several other large investors have also recently made changes to their positions in HWM. Interchange Capital Partners LLC acquired a new stake in Howmet Aerospace during the second quarter valued at $39,000. REAP Financial Group LLC grew its position in shares of Howmet Aerospace by 101.9% during the 2nd quarter. REAP Financial Group LLC now owns 212 shares of the company’s stock valued at $39,000 after acquiring an additional 107 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Howmet Aerospace by 2,433.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 228 shares of the company’s stock valued at $42,000 after purchasing an additional 219 shares in the last quarter. Pinpoint Asset Management Ltd raised its holdings in Howmet Aerospace by 42.8% in the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock worth $31,000 after purchasing an additional 71 shares during the period. Finally, Hemington Wealth Management boosted its position in Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company’s stock worth $33,000 after purchasing an additional 81 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Howmet Aerospace Stock Performance
NYSE:HWM opened at $205.63 on Friday. The company has a market cap of $82.68 billion, a P/E ratio of 60.13, a P/E/G ratio of 2.64 and a beta of 1.47. Howmet Aerospace Inc. has a twelve month low of $105.04 and a twelve month high of $211.95. The company’s 50-day moving average price is $191.08 and its 200-day moving average price is $177.65. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors 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 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on HWM. Truist Financial boosted their price objective on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Susquehanna set a $235.00 price target on shares of Howmet Aerospace and gave the stock a “positive” rating in a report on Friday, October 31st. Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $150.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, BTIG Research boosted their target price on shares of Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $210.14.
Check Out Our Latest Research Report on HWM
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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