Quartz Partners LLC acquired a new position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,834 shares of the company’s stock, valued at approximately $493,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Howmet Aerospace in the 1st quarter valued at about $399,000. Sivia Capital Partners LLC acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $216,000. Brown Advisory Inc. grew its position in shares of Howmet Aerospace by 31.0% during the 2nd quarter. Brown Advisory Inc. now owns 4,180 shares of the company’s stock valued at $778,000 after buying an additional 990 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Howmet Aerospace during the 2nd quarter valued at about $145,000. Institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Price Performance
NYSE HWM opened at $283.47 on Thursday. Howmet Aerospace Inc. has a 52 week low of $169.45 and a 52 week 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 stock has a market cap of $113.42 billion, a price-to-earnings ratio of 61.09, a price-to-earnings-growth ratio of 2.09 and a beta of 1.20. The company has a 50-day moving average price of $278.29 and a two-hundred day moving average price of $258.07.
Howmet Aerospace Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 7th. This is a positive change 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%.
Analyst Ratings Changes
HWM has been the topic of several research reports. Wall Street Zen lowered shares of Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $318.00 target price on shares of Howmet Aerospace in a research note on Tuesday, June 16th. Zacks Research raised Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Morgan Stanley reiterated an “overweight” rating and set a $335.00 price target on shares of Howmet Aerospace in a research report on Monday, August 10th. Finally, Susquehanna raised their price target on Howmet Aerospace from $330.00 to $340.00 and gave the stock a “positive” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $315.67.
Get Our Latest 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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