Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 121.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,853 shares of the company’s stock after purchasing an additional 46,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Howmet Aerospace were worth $15,608,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in HWM. JPMorgan Chase & Co. boosted its position in shares of Howmet Aerospace by 21.1% during the 1st quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company’s stock worth $3,171,970,000 after acquiring an additional 4,252,401 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Howmet Aerospace during the 1st quarter worth approximately $366,209,000. Westfield Capital Management Co. LP acquired a new stake in shares of Howmet Aerospace during the 1st quarter worth approximately $147,251,000. Nordea Investment Management AB boosted its position in shares of Howmet Aerospace by 1,340.2% during the 2nd quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock worth $163,137,000 after acquiring an additional 819,040 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Howmet Aerospace by 58.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,094,971 shares of the company’s stock worth $271,781,000 after acquiring an additional 771,271 shares in the last quarter. 90.46% of the stock is owned by institutional investors.
Howmet Aerospace Stock Performance
Shares of Howmet Aerospace stock opened at $201.07 on Wednesday. Howmet Aerospace Inc. has a fifty-two week low of $98.83 and a fifty-two week high of $205.29. 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 $81.06 billion, a P/E ratio of 58.79, a P/E/G ratio of 2.62 and a beta of 1.45. The company’s 50 day moving average price is $186.67 and its two-hundred day moving average price is $174.08.
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 given a $0.12 dividend. 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 (DPR) is currently 14.04%.
Analyst Ratings Changes
Several research firms recently issued reports on HWM. Bank of America increased their price target on shares of Howmet Aerospace from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Zacks Research lowered shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Morgan Stanley increased their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Vertical Research reiterated a “buy” rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.92.
Read Our Latest Stock Analysis 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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