Wedbush Securities Inc. purchased a new position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,834 shares of the company’s stock, valued at approximately $220,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in HWM. Prudential PLC boosted its holdings in shares of Howmet Aerospace by 527.1% during the 2nd quarter. Prudential PLC now owns 25,161 shares of the company’s stock valued at $1,953,000 after purchasing an additional 21,149 shares during the last quarter. Quest Partners LLC lifted its position in shares of Howmet Aerospace by 96.5% in the second quarter. Quest Partners LLC now owns 721 shares of the company’s stock worth $56,000 after buying an additional 354 shares in the last quarter. Mount Lucas Management LP bought a new position in Howmet Aerospace during the second quarter valued at approximately $237,000. Ballentine Partners LLC grew its holdings in Howmet Aerospace by 15.7% during the 2nd quarter. Ballentine Partners LLC now owns 4,480 shares of the company’s stock valued at $348,000 after buying an additional 607 shares in the last quarter. Finally, Caprock Group LLC increased its stake in Howmet Aerospace by 7.9% in the 2nd quarter. Caprock Group LLC now owns 11,073 shares of the company’s stock worth $860,000 after acquiring an additional 809 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.
Howmet Aerospace Stock Performance
Shares of Howmet Aerospace stock opened at $95.28 on Monday. Howmet Aerospace Inc. has a 52 week low of $42.94 and a 52 week high of $98.15. The company has a market capitalization of $38.89 billion, a PE ratio of 46.03, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46. The stock’s fifty day moving average is $89.72 and its two-hundred day moving average is $79.54. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68.
Howmet Aerospace Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Friday, August 9th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s payout ratio is currently 15.46%.
Analyst Ratings Changes
HWM has been the subject of a number of research reports. BTIG Research increased their target price on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Barclays lifted their price objective on shares of Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada upped their target price on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Northcoast Research restated a “sell” rating and set a $70.00 price objective on shares of Howmet Aerospace in a research report on Friday, June 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.67.
Check Out Our Latest Stock Analysis on Howmet Aerospace
Insider Activity at Howmet Aerospace
In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.
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.
See Also
- Five stocks we like better than Howmet Aerospace
- Earnings Per Share Calculator: How to Calculate EPS
- Symbotic’s Double-Bagger Potential as It Hits a Key Inflection
- How is Compound Interest Calculated?
- High Dividend Yields Make These 2 Shipping Stocks Stand Out
- Consumer Discretionary Stocks Explained
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM – Free Report).
Receive News & Ratings for Howmet Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howmet Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.