Asset Management One Co. Ltd. lowered its stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 1.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 200,807 shares of the company’s stock after selling 2,143 shares during the period. Asset Management One Co. Ltd.’s holdings in Howmet Aerospace were worth $37,376,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbour Investments Inc. increased its position in shares of Howmet Aerospace by 10.1% in the 1st quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock worth $145,000 after purchasing an additional 102 shares during the last quarter. PFG Advisors increased its position in shares of Howmet Aerospace by 37.9% in the 1st quarter. PFG Advisors now owns 9,593 shares of the company’s stock worth $1,245,000 after purchasing an additional 2,635 shares during the last quarter. Private Trust Co. NA increased its position in shares of Howmet Aerospace by 65.4% in the 1st quarter. Private Trust Co. NA now owns 673 shares of the company’s stock worth $87,000 after purchasing an additional 266 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Howmet Aerospace during the 2nd quarter valued at about $40,949,000. Finally, Diversified Trust Co grew its position in shares of Howmet Aerospace by 13.5% during the 2nd quarter. Diversified Trust Co now owns 22,297 shares of the company’s stock valued at $4,150,000 after buying an additional 2,645 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Price Performance
NYSE HWM opened at $198.71 on Friday. Howmet Aerospace Inc. has a 52 week low of $98.83 and a 52 week high of $202.50. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The stock has a market cap of $80.11 billion, a price-to-earnings ratio of 58.10, a price-to-earnings-growth ratio of 2.59 and a beta of 1.45. The company has a 50-day moving average price of $185.51 and a two-hundred day moving average price of $172.31.
Howmet Aerospace Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be given a $0.12 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is 14.04%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Wall Street Zen raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Vertical Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday, October 8th. Finally, Bank of America boosted their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.92.
Get Our Latest Report on Howmet Aerospace
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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