PDS Planning Inc acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the 2nd quarter, Holdings Channel reports. The fund acquired 1,568 shares of the company’s stock, valued at approximately $292,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. REAP Financial Group LLC grew its holdings in shares of Howmet Aerospace by 101.9% during the second quarter. REAP Financial Group LLC now owns 212 shares of the company’s stock worth $39,000 after purchasing an additional 107 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Howmet Aerospace by 2,433.3% during the second quarter. AdvisorNet Financial Inc now owns 228 shares of the company’s stock worth $42,000 after purchasing an additional 219 shares in the last quarter. Pinpoint Asset Management Ltd grew 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 worth $31,000 after purchasing an additional 71 shares in the last quarter. Hemington Wealth Management grew 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 worth $33,000 after purchasing an additional 81 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew 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 worth $34,000 after purchasing an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Stock Performance
Shares of 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 fifty-two week low of $98.83 and a fifty-two week high of $198.48. The stock has a 50 day moving average price of $182.56 and a two-hundred day moving average price of $168.13. The company has a market capitalization of $74.16 billion, a P/E ratio of 53.79, a PEG ratio of 2.39 and a beta of 1.45.
Howmet Aerospace Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders 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 annualized dividend and a yield of 0.3%. Howmet Aerospace’s payout ratio is presently 14.04%.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Howmet Aerospace in a report on Monday, June 30th. Barclays reissued an “overweight” rating and set a $190.00 price objective (up previously from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Susquehanna boosted their target price on Howmet Aerospace from $210.00 to $220.00 and gave the stock a “positive” rating in a research report on Thursday. Morgan Stanley boosted 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. Finally, 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. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $176.21.
Read Our Latest Research Report 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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