Short Interest in Howmet Aerospace Inc. (NYSE:HWM) Expands By 5.3%

Howmet Aerospace Inc. (NYSE:HWM) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 7,780,000 shares, a growth of 5.3% from the October 31st total of 7,390,000 shares. Based on an average daily trading volume, of 2,370,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 1.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RiverPark Advisors LLC bought a new position in Howmet Aerospace during the 3rd quarter worth about $26,000. Hollencrest Capital Management purchased a new stake in shares of Howmet Aerospace during the third quarter valued at about $30,000. Cultivar Capital Inc. purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at approximately $26,000. LGT Financial Advisors LLC raised its position in shares of Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at approximately $32,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 0.8 %

NYSE HWM opened at $120.12 on Thursday. The company’s 50-day moving average price is $107.92 and its 200-day moving average price is $94.53. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The stock has a market cap of $48.80 billion, a PE ratio of 45.85, a PEG ratio of 1.58 and a beta of 1.48. Howmet Aerospace has a 12 month low of $52.06 and a 12 month high of $120.24.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace’s payout ratio is 12.21%.

Analyst Ratings Changes

Several research firms have recently commented on HWM. Truist Financial boosted their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Susquehanna boosted their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Sanford C. Bernstein upped their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $115.41.

About Howmet Aerospace

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.