Trust Investment Advisors acquired a new position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,260 shares of the company’s stock, valued at approximately $235,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. First National Trust Co raised its stake in Howmet Aerospace by 0.5% in the 2nd quarter. First National Trust Co now owns 32,905 shares of the company’s stock worth $6,125,000 after purchasing an additional 167 shares in the last quarter. Purkiss Capital Advisors LLC acquired a new stake in Howmet Aerospace in the 2nd quarter worth about $275,000. Motley Fool Asset Management LLC raised its stake in Howmet Aerospace by 10.4% in the 2nd quarter. Motley Fool Asset Management LLC now owns 20,822 shares of the company’s stock worth $3,876,000 after purchasing an additional 1,958 shares in the last quarter. May Hill Capital LLC acquired a new stake in Howmet Aerospace in the 2nd quarter worth about $244,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Howmet Aerospace by 121.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 83,853 shares of the company’s stock worth $15,608,000 after purchasing an additional 46,000 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Trading Up 1.7%
HWM opened at $201.90 on Tuesday. Howmet Aerospace Inc. has a fifty-two week low of $98.83 and a fifty-two week high of $202.84. 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 capitalization of $81.39 billion, a price-to-earnings ratio of 59.04, a PEG ratio of 2.57 and a beta of 1.45. The company’s 50 day moving average price is $186.09 and its two-hundred day moving average price is $173.54.
Howmet Aerospace Dividend Announcement
The firm 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. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, November 7th. Howmet Aerospace’s payout ratio is presently 14.04%.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday, October 8th. Truist Financial boosted their target price on shares of Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Barclays restated an “overweight” rating and issued a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Finally, Vertical Research restated a “buy” rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.92.
View Our Latest Stock 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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