WINTON GROUP Ltd cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 28.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,574 shares of the company’s stock after selling 14,049 shares during the quarter. WINTON GROUP Ltd’s holdings in Howmet Aerospace were worth $9,296,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the business. Newbridge Financial Services Group Inc. grew its holdings in shares of Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after purchasing an additional 73 shares during the last quarter. Acumen Wealth Advisors LLC purchased a new stake in Howmet Aerospace during the fourth quarter valued at about $25,000. West Paces Advisors Inc. bought a new position in shares of Howmet Aerospace during the second quarter valued at about $27,000. Cornerstone Financial Management LLC purchased a new position in shares of Howmet Aerospace in the fourth quarter worth about $28,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in shares of Howmet Aerospace by 65.1% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock valued at $28,000 after acquiring an additional 54 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.
Howmet Aerospace Stock Up 0.4%
Shares of NYSE HWM opened at $232.41 on Thursday. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. Howmet Aerospace Inc. has a 12 month low of $179.62 and a 12 month high of $310.00. The firm has a market capitalization of $92.99 billion, a PE ratio of 50.09, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. The firm has a fifty day simple moving average of $273.79 and a two-hundred day simple moving average of $261.01.
Howmet Aerospace Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were issued a dividend of $0.14 per share. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, August 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.07%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on HWM. BTIG Research raised their price target on Howmet Aerospace from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Zacks Research raised Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada increased their price objective on Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. TD Cowen lifted their target price on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, Susquehanna upped their price target on shares of Howmet Aerospace from $330.00 to $340.00 and gave the company a “positive” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $316.22.
Get Our Latest Stock Report on Howmet Aerospace
Howmet Aerospace Profile
Howmet Aerospace Inc (NYSE:HWM) is an aerospace and industrial manufacturer that develops and produces engineered components for commercial and defense aircraft, as well as products for transportation, energy and other industrial markets. Its offerings include aircraft engine components, airframe structures, fastening systems and forged aluminum wheels for commercial transportation.
The company’s aerospace products include turbine airfoils, engine casings, structural components and other specialized parts designed to support aircraft performance and efficiency.
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