Danske Bank A S bought a new position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 454,846 shares of the company’s stock, valued at approximately $89,254,000. Danske Bank A S owned 0.11% of Howmet Aerospace as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Global Trust Asset Management LLC increased its position in Howmet Aerospace by 1.2% in the third quarter. Global Trust Asset Management LLC now owns 4,110 shares of the company’s stock worth $807,000 after buying an additional 50 shares in the last quarter. REAP Financial Group LLC raised its stake in shares of Howmet Aerospace by 24.1% in the third quarter. REAP Financial Group LLC now owns 263 shares of the company’s stock worth $52,000 after buying an additional 51 shares during the period. Parallel Advisors LLC lifted its position in shares of Howmet Aerospace by 1.7% during the 3rd quarter. Parallel Advisors LLC now owns 3,134 shares of the company’s stock valued at $615,000 after buying an additional 51 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in shares of Howmet Aerospace by 52.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after acquiring an additional 52 shares during the period. Finally, Wedbush Securities Inc. grew its stake in shares of Howmet Aerospace by 1.4% during the 3rd quarter. Wedbush Securities Inc. now owns 3,885 shares of the company’s stock valued at $762,000 after acquiring an additional 52 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Howmet Aerospace Trading Down 0.4%
HWM stock opened at $239.77 on Wednesday. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $267.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.13 and a quick ratio of 1.09. The company has a market capitalization of $96.13 billion, a price-to-earnings ratio of 64.63, a PEG ratio of 2.23 and a beta of 1.20. The business has a 50 day simple moving average of $234.34 and a two-hundred day simple moving average of $209.87.
Howmet Aerospace Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, February 6th. Howmet Aerospace’s payout ratio is currently 12.94%.
Analysts Set New Price Targets
A number of equities research analysts have commented on HWM shares. UBS Group raised their target price on shares of Howmet Aerospace from $228.00 to $260.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Wolfe Research set a $270.00 price target on shares of Howmet Aerospace and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Wall Street Zen raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Susquehanna raised their price objective on shares of Howmet Aerospace from $255.00 to $290.00 and gave the company a “positive” rating in a research report on Friday, February 13th. Finally, Royal Bank Of Canada lifted their target price on shares of Howmet Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.15.
Get Our Latest Research Report on Howmet Aerospace
Insiders Place Their Bets
In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,150 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $251.70, for a total value of $11,364,255.00. Following the sale, the executive vice president owned 107,008 shares in the company, valued at $26,933,913.60. The trade was a 29.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Barbara Lou Shultz sold 1,000 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $260.00, for a total transaction of $260,000.00. Following the transaction, the vice president directly owned 23,874 shares of the company’s stock, valued at $6,207,240. This trade represents a 4.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.12% of the company’s stock.
About Howmet Aerospace
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.
See Also
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