Vontobel Holding Ltd. reduced its position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,073 shares of the company’s stock after selling 1,674 shares during the quarter. Vontobel Holding Ltd.’s holdings in Howmet Aerospace were worth $5,411,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Harbour Investments Inc. boosted its position in Howmet Aerospace by 10.1% during the 1st quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock worth $145,000 after buying an additional 102 shares during the period. PFG Advisors increased its stake in Howmet Aerospace by 37.9% during the 1st quarter. PFG Advisors now owns 9,593 shares of the company’s stock valued at $1,245,000 after purchasing an additional 2,635 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Howmet Aerospace by 233.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company’s stock valued at $18,277,000 after purchasing an additional 98,642 shares in the last quarter. Private Trust Co. NA increased its stake in Howmet Aerospace by 65.4% during the 1st quarter. Private Trust Co. NA now owns 673 shares of the company’s stock valued at $87,000 after purchasing an additional 266 shares in the last quarter. Finally, Diversified Trust Co increased its stake in Howmet Aerospace by 13.5% during the 2nd quarter. Diversified Trust Co now owns 22,297 shares of the company’s stock valued at $4,150,000 after purchasing an additional 2,645 shares in the last quarter. 90.46% of the stock is owned by institutional investors.
Howmet Aerospace Stock Performance
NYSE HWM opened at $183.97 on Friday. Howmet Aerospace Inc. has a 1 year low of $98.83 and a 1 year high of $198.48. 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 market cap of $74.16 billion, a price-to-earnings ratio of 53.79, a PEG ratio of 2.44 and a beta of 1.45. The company has a fifty day moving average price of $182.56 and a 200-day moving average price of $167.65.
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 issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, November 7th. Howmet Aerospace’s payout ratio is 14.04%.
Analyst Upgrades and Downgrades
HWM has been the subject of a number of recent research reports. Barclays restated an “overweight” rating and set a $190.00 price target (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Vertical Research restated a “buy” rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Bank of America boosted their price target on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $176.21.
Read 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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