Vest Financial LLC acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 67,247 shares of the company’s stock, valued at approximately $18,080,000.
Several other large investors have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Howmet Aerospace by 8.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 475,814 shares of the company’s stock valued at $96,916,000 after buying an additional 36,195 shares in the last quarter. MUFG Securities EMEA plc lifted its holdings in Howmet Aerospace by 752.6% during the fourth quarter. MUFG Securities EMEA plc now owns 65,783 shares of the company’s stock worth $13,487,000 after acquiring an additional 58,067 shares in the last quarter. M&T Bank Corp lifted its holdings in Howmet Aerospace by 75.0% during the fourth quarter. M&T Bank Corp now owns 42,975 shares of the company’s stock worth $8,810,000 after acquiring an additional 18,417 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Howmet Aerospace by 57.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,190 shares of the company’s stock worth $2,909,000 after acquiring an additional 5,181 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Howmet Aerospace by 9.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 315,508 shares of the company’s stock valued at $64,685,000 after acquiring an additional 28,217 shares during the period. Institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Price Performance
HWM stock opened at $289.33 on Friday. The stock has a 50-day moving average price of $276.03 and a two-hundred day moving average price of $256.16. The stock has a market cap of $115.76 billion, a PE ratio of 62.36, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20. 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 1 year low of $169.45 and a 1 year high of $310.00.
Howmet Aerospace Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s payout ratio is 12.07%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on HWM shares. Sanford C. Bernstein restated an “outperform” rating and issued a $318.00 price target on shares of Howmet Aerospace in a report on Tuesday, June 16th. Zacks Research upgraded Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. BNP Paribas Exane reissued an “outperform” rating and set a $340.00 target price (up from $265.00) on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, BTIG Research raised their target price on shares of Howmet Aerospace from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, August 10th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $315.67.
Check Out Our Latest Analysis on Howmet Aerospace
Howmet Aerospace 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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