REAP Financial Group LLC raised its position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 101.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212 shares of the company’s stock after acquiring an additional 107 shares during the period. REAP Financial Group LLC’s holdings in Howmet Aerospace were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of HWM. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 21.1% in the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company’s stock valued at $3,171,970,000 after acquiring an additional 4,252,401 shares in the last quarter. Nuveen LLC acquired a new stake in Howmet Aerospace in the first quarter valued at approximately $366,209,000. Westfield Capital Management Co. LP acquired a new stake in shares of Howmet Aerospace during the first quarter worth $147,251,000. Goldman Sachs Group Inc. lifted its stake in shares of Howmet Aerospace by 58.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,094,971 shares of the company’s stock worth $271,781,000 after buying an additional 771,271 shares during the period. Finally, Menora Mivtachim Holdings LTD. acquired a new stake in shares of Howmet Aerospace during the first quarter worth $93,529,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Howmet Aerospace Trading Up 0.1%
Shares of Howmet Aerospace stock opened at $191.59 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. The firm has a fifty day moving average price of $182.40 and a 200 day moving average price of $166.97. Howmet Aerospace Inc. has a 1 year low of $98.83 and a 1 year high of $198.48. The stock has a market cap of $77.24 billion, a PE ratio of 56.02, a price-to-earnings-growth ratio of 2.48 and a beta of 1.45.
Howmet Aerospace Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace’s payout ratio is presently 14.04%.
Analyst Ratings Changes
Several research firms have recently commented on HWM. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Barclays reiterated an “overweight” rating and set a $190.00 price objective (up from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Bank of America lifted their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday. Finally, BTIG Research set a $205.00 price objective on shares of Howmet Aerospace and gave the stock a “buy” rating in a research note on Monday, August 4th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $175.50.
Get Our Latest Stock Report 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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