Y Intercept Hong Kong Ltd Takes $613,000 Position in Howmet Aerospace Inc. $HWM

Y Intercept Hong Kong Ltd purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,125 shares of the company’s stock, valued at approximately $613,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Traub Capital Management LLC bought a new position in shares of Howmet Aerospace in the second quarter valued at approximately $25,000. Winnow Wealth LLC bought a new stake in Howmet Aerospace during the second quarter worth $25,000. Newbridge Financial Services Group Inc. boosted its position in Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in Howmet Aerospace by 52.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Howmet Aerospace during the 2nd quarter valued at $32,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Up 3.0%

NYSE:HWM opened at $213.46 on Wednesday. Howmet Aerospace Inc. has a 1 year low of $105.04 and a 1 year high of $226.87. The stock’s fifty day moving average price is $207.96 and its two-hundred day moving average price is $195.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The company has a market cap of $85.83 billion, a P/E ratio of 59.96, a P/E/G ratio of 1.96 and a beta of 1.26.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 6th. Howmet Aerospace’s dividend payout ratio is presently 13.48%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HWM. The Goldman Sachs Group boosted their price target on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Wall Street Zen raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Citigroup lifted their price target on shares of Howmet Aerospace from $246.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Truist Financial set a $258.00 price objective on Howmet Aerospace in a report on Friday, January 9th. Finally, Susquehanna reissued a “positive” rating and issued a $255.00 target price on shares of Howmet Aerospace in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.53.

Howmet Aerospace Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.