FIDELIS iM LLC acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,078 shares of the company’s stock, valued at approximately $201,000. Howmet Aerospace makes up 0.1% of FIDELIS iM LLC’s portfolio, making the stock its 22nd biggest position.
Other institutional investors and hedge funds have also made changes to their positions in the company. Harbour Investments Inc. lifted its position in shares of Howmet Aerospace by 10.1% in the first quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock valued at $145,000 after acquiring an additional 102 shares in the last quarter. PFG Advisors lifted its position in shares of Howmet Aerospace by 37.9% in the first quarter. PFG Advisors now owns 9,593 shares of the company’s stock valued at $1,245,000 after acquiring an additional 2,635 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Howmet Aerospace by 233.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company’s stock valued at $18,277,000 after acquiring an additional 98,642 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Howmet Aerospace by 65.4% in the first quarter. Private Trust Co. NA now owns 673 shares of the company’s stock valued at $87,000 after acquiring an additional 266 shares in the last quarter. Finally, Diversified Trust Co lifted its position in Howmet Aerospace by 13.5% during the second quarter. Diversified Trust Co now owns 22,297 shares of the company’s stock worth $4,150,000 after buying an additional 2,645 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Howmet Aerospace Price Performance
HWM stock opened at $183.97 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. Howmet Aerospace Inc. has a 1 year low of $98.83 and a 1 year high of $198.48. The firm has a market cap of $74.16 billion, a P/E ratio of 53.79, a price-to-earnings-growth ratio of 2.39 and a beta of 1.45. The stock has a 50-day simple moving average of $182.56 and a 200-day simple moving average of $168.13.
Howmet Aerospace Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Howmet Aerospace’s dividend payout ratio (DPR) is 14.04%.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. Morgan Stanley increased their target price on Howmet Aerospace from $170.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Zacks Research downgraded Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. BTIG Research set a $205.00 target price on Howmet Aerospace and gave the stock a “buy” rating in a research report on Monday, August 4th. Finally, Barclays reiterated an “overweight” rating and set a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $176.21.
View Our Latest Analysis on HWM
Howmet Aerospace Company Profile
Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.
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