Cwm LLC boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,388 shares of the company’s stock after acquiring an additional 632 shares during the quarter. Cwm LLC’s holdings in Howmet Aerospace were worth $8,820,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC increased its stake in Howmet Aerospace by 19.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 51,818 shares of the company’s stock worth $9,647,000 after acquiring an additional 8,553 shares during the last quarter. Oak Ridge Investments LLC bought a new position in shares of Howmet Aerospace during the second quarter valued at approximately $418,000. Apollon Wealth Management LLC grew its stake in shares of Howmet Aerospace by 17.6% during the second quarter. Apollon Wealth Management LLC now owns 20,223 shares of the company’s stock valued at $3,764,000 after buying an additional 3,029 shares during the last quarter. Hemington Wealth Management grew its stake in shares of Howmet Aerospace by 25.9% during the second quarter. Hemington Wealth Management now owns 321 shares of the company’s stock valued at $59,000 after buying an additional 66 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Howmet Aerospace by 163.6% during the second quarter. Inspire Investing LLC now owns 15,375 shares of the company’s stock valued at $2,862,000 after buying an additional 9,543 shares during the last quarter. 90.46% of the stock is owned by institutional investors.
Howmet Aerospace Stock Up 1.5%
Shares of NYSE:HWM opened at $192.91 on Wednesday. Howmet Aerospace Inc. has a 52-week low of $98.83 and a 52-week high of $198.48. The stock has a market cap of $77.77 billion, a P/E ratio of 56.41, a price-to-earnings-growth ratio of 2.46 and a beta of 1.45. The business’s 50 day moving average is $183.02 and its 200 day moving average is $168.72. 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 announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is currently 14.04%.
Analyst Upgrades and Downgrades
HWM has been the topic of a number of analyst reports. BTIG Research set a $205.00 target price on Howmet Aerospace and gave the company a “buy” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $150.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Vertical Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. 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. Finally, Bank of America upped their target price on Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.21.
Get Our Latest Research 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.
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