Aristotle Atlantic Partners LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,741 shares of the company’s stock, valued at approximately $1,177,000.
Other hedge funds also recently made changes to their positions in the company. Acumen Wealth Advisors LLC purchased a new position in shares of Howmet Aerospace during the fourth quarter worth about $25,000. Sound Income Strategies LLC grew its holdings in shares of Howmet Aerospace by 66.7% during the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 50 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Howmet Aerospace by 119.7% during 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. Cornerstone Financial Management LLC purchased a new position in shares of Howmet Aerospace during the fourth quarter worth about $28,000. Finally, J.Safra Asset Management Corp purchased a new position in shares of Howmet Aerospace during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Stock Performance
NYSE HWM opened at $283.54 on Thursday. The company has a current ratio of 2.44, a quick ratio of 1.59 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $256.07 and its two-hundred day moving average is $235.58. Howmet Aerospace Inc. has a 12-month low of $169.06 and a 12-month high of $285.63. The stock has a market capitalization of $113.45 billion, a price-to-earnings ratio of 65.79, a PEG ratio of 2.20 and a beta of 1.19.
Howmet Aerospace Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th were given a dividend of $0.12 per share. The ex-dividend date was Friday, May 8th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s payout ratio is presently 11.14%.
Insider Transactions at Howmet Aerospace
In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the transaction, the executive vice president owned 65,105 shares in the company, valued at approximately $17,545,797.50. The trade was a 39.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.85% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on HWM shares. Wells Fargo & Company started coverage on Howmet Aerospace in a report on Wednesday, April 1st. They set an “equal weight” rating and a $240.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $320.00 price target on shares of Howmet Aerospace in a research note on Friday, May 8th. Citigroup increased their price target on shares of Howmet Aerospace from $271.00 to $303.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Tuesday, April 21st. Finally, Wolfe Research set a $270.00 price target on shares of Howmet Aerospace and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $287.53.
Check Out Our Latest Report on Howmet Aerospace
About Howmet Aerospace
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.
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