Strive Financial Group LLC grew its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 465.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,507 shares of the company’s stock after buying an additional 2,064 shares during the period. Strive Financial Group LLC’s holdings in Howmet Aerospace were worth $674,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. MUFG Securities EMEA plc raised its holdings in Howmet Aerospace by 752.6% during the 4th quarter. MUFG Securities EMEA plc now owns 65,783 shares of the company’s stock valued at $13,487,000 after buying an additional 58,067 shares during the period. Sequoia Financial Advisors LLC increased its position in Howmet Aerospace by 57.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,190 shares of the company’s stock valued at $2,909,000 after acquiring an additional 5,181 shares during the last quarter. Bearing Point Capital LLC raised its stake in shares of Howmet Aerospace by 9.5% in the fourth quarter. Bearing Point Capital LLC now owns 54,619 shares of the company’s stock valued at $11,198,000 after acquiring an additional 4,757 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Howmet Aerospace by 95.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 24,338 shares of the company’s stock worth $5,609,000 after acquiring an additional 11,878 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Howmet Aerospace by 28.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 230,064 shares of the company’s stock worth $52,984,000 after acquiring an additional 51,169 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Howmet Aerospace Stock Performance
Shares of HWM stock opened at $259.61 on Friday. Howmet Aerospace Inc. has a 52-week low of $173.38 and a 52-week high of $310.00. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71. The stock has a market cap of $103.87 billion, a PE ratio of 55.95, a price-to-earnings-growth ratio of 2.35 and a beta of 1.19. The business has a 50-day simple moving average of $275.44 and a 200-day simple moving average of $261.15.
Howmet Aerospace Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were paid a $0.14 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.07%.
Analyst Ratings Changes
HWM has been the subject of several recent analyst reports. Sanford C. Bernstein boosted their target price on Howmet Aerospace from $318.00 to $328.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. Susquehanna raised their target price on shares of Howmet Aerospace from $330.00 to $340.00 and gave the company a “positive” rating in a research report on Friday, August 7th. Citigroup reiterated a “buy” rating on shares of Howmet Aerospace in a report on Tuesday. Wall Street Zen cut shares of Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 5th. Finally, Zacks Research raised Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $316.22.
Check Out Our Latest Report on HWM
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.
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