Robeco Institutional Asset Management B.V. boosted its stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 49.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 431,296 shares of the company’s stock after buying an additional 142,884 shares during the period. Robeco Institutional Asset Management B.V. owned 0.11% of Howmet Aerospace worth $80,277,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Pinpoint Asset Management Ltd increased its holdings in shares of Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after purchasing an additional 71 shares during the period. Hemington Wealth Management increased its holdings in shares of Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after purchasing an additional 81 shares during the period. GPS Wealth Strategies Group LLC increased its holdings in shares of Howmet Aerospace by 114.6% during the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock valued at $34,000 after purchasing an additional 141 shares during the period. Rise Advisors LLC increased its holdings in shares of Howmet Aerospace by 32.4% during the first quarter. Rise Advisors LLC now owns 270 shares of the company’s stock valued at $35,000 after purchasing an additional 66 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Howmet Aerospace by 100.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company’s stock valued at $36,000 after purchasing an additional 140 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.
Howmet Aerospace Trading Down 1.9%
Shares of HWM stock opened at $191.11 on Friday. The stock has a 50-day simple moving average of $182.33 and a 200 day simple moving average of $165.31. Howmet Aerospace Inc. has a fifty-two week low of $98.83 and a fifty-two week high of $198.48. The stock has a market capitalization of $77.04 billion, a P/E ratio of 55.88, a P/E/G ratio of 2.52 and a beta of 1.45. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65.
Howmet Aerospace Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th will be given 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
A number of research analysts have recently commented on HWM shares. Susquehanna raised their price target on Howmet Aerospace from $170.00 to $210.00 and gave the company a “positive” rating in a report on Monday, July 14th. Morgan Stanley raised their price target on Howmet Aerospace from $170.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Zacks Research lowered Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Vertical Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Finally, Barclays reaffirmed an “overweight” rating and set a $190.00 target price (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.50.
Get Our Latest Analysis on Howmet Aerospace
Howmet Aerospace 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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