Interchange Capital Partners LLC purchased a new position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,163 shares of the company’s stock, valued at approximately $216,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Howmet Aerospace by 4.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,491 shares of the company’s stock worth $278,000 after buying an additional 61 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Howmet Aerospace by 3.1% in the 2nd quarter. Venturi Wealth Management LLC now owns 2,093 shares of the company’s stock worth $390,000 after buying an additional 62 shares during the last quarter. Rise Advisors LLC increased its holdings in shares of Howmet Aerospace by 32.4% in the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock worth $35,000 after buying an additional 66 shares during the last quarter. Hemington Wealth Management grew its holdings in shares of Howmet Aerospace by 25.9% during the 2nd quarter. Hemington Wealth Management now owns 321 shares of the company’s stock valued at $59,000 after purchasing an additional 66 shares during the last quarter. Finally, Pinpoint Asset Management Ltd grew its holdings in shares of Howmet Aerospace by 42.8% during the 1st 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 last quarter. Institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Trading Down 0.7%
Shares of HWM opened at $198.71 on Monday. The stock has a market capitalization of $80.11 billion, a P/E ratio of 58.10, a PEG ratio of 2.57 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. The firm has a fifty day simple moving average of $185.51 and a two-hundred day simple moving average of $173.03. Howmet Aerospace Inc. has a twelve month low of $98.83 and a twelve month high of $202.50.
Howmet Aerospace Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is presently 14.04%.
Analyst Upgrades and Downgrades
Several research firms recently commented on HWM. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a report on Saturday. Wall Street Zen raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. BTIG Research set a $205.00 target price on shares of Howmet Aerospace and gave the company a “buy” rating in a report on Monday, August 4th. Vertical Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Howmet Aerospace in a report on Monday, June 30th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.92.
View Our Latest Stock Report on Howmet Aerospace
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.
Further Reading
- Five stocks we like better than Howmet Aerospace
- What is the Euro STOXX 50 Index?
- PulteGroup Is Down But Not Out—Here’s What Wall Street Missed
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Cleveland-Cliffs Breaks to New Highs on Earnings, More Upside?
- Consumer Staples Stocks, Explained
- Is Landstar the Next Big Winner in Transportation Stocks?
Receive News & Ratings for Howmet Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howmet Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
