NEOS Investment Management LLC boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 13.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,873 shares of the company’s stock after purchasing an additional 7,523 shares during the period. NEOS Investment Management LLC’s holdings in Howmet Aerospace were worth $17,442,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC increased its stake in shares of Howmet Aerospace by 55.1% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock worth $29,000 after acquiring an additional 38 shares during the last quarter. UMB Bank n.a. boosted its position in Howmet Aerospace by 2.6% during the fourth quarter. UMB Bank n.a. now owns 1,620 shares of the company’s stock valued at $332,000 after purchasing an additional 41 shares during the last quarter. Tudor Financial Inc. grew its stake in Howmet Aerospace by 2.6% in the fourth quarter. Tudor Financial Inc. now owns 1,650 shares of the company’s stock valued at $338,000 after purchasing an additional 42 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in Howmet Aerospace by 2.5% in the first quarter. Physician Wealth Advisors Inc. now owns 1,730 shares of the company’s stock valued at $399,000 after purchasing an additional 42 shares in the last quarter. Finally, Roman Butler Fullerton & Co. increased its position in Howmet Aerospace by 0.4% in the 1st quarter. Roman Butler Fullerton & Co. now owns 10,537 shares of the company’s stock worth $2,634,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Stock Performance
NYSE:HWM opened at $259.61 on Friday. The firm has a market capitalization of $103.87 billion, a PE ratio of 55.95, a PEG ratio of 2.35 and a beta of 1.19. Howmet Aerospace Inc. has a 1 year low of $173.38 and a 1 year high of $310.00. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The firm’s fifty day simple moving average is $275.44 and its 200 day simple moving average is $261.15.
Howmet Aerospace Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th were issued a dividend of $0.14 per share. The ex-dividend date was Friday, August 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.07%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on HWM shares. Weiss Ratings upgraded Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 19th. Citigroup reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Tuesday. Susquehanna increased their price target on shares of Howmet Aerospace from $330.00 to $340.00 and gave the stock a “positive” rating in a research note on Friday, August 7th. Morgan Stanley restated an “overweight” rating and set a $335.00 price target on shares of Howmet Aerospace in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $310.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $316.22.
Get Our Latest Research Report on Howmet Aerospace
Howmet Aerospace Company Profile
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.
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