Keybank National Association OH lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 25.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 12,459 shares of the company’s stock after purchasing an additional 2,559 shares during the quarter. Keybank National Association OH’s holdings in Howmet Aerospace were worth $2,871,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. grew its stake in 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 buying an additional 73 shares during the period. Acumen Wealth Advisors LLC purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at $25,000. Sound Income Strategies LLC lifted its holdings in shares of Howmet Aerospace by 66.7% during the 4th quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock valued at $28,000 after acquiring an additional 50 shares in the last quarter. Cornerstone Financial Management LLC acquired a new position in shares of Howmet Aerospace during the 4th quarter valued at $28,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in Howmet Aerospace by 65.1% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Stock Performance
Shares of HWM stock opened at $270.59 on Monday. Howmet Aerospace Inc. has a 12 month low of $169.45 and a 12 month high of $290.63. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.44 and a quick ratio of 1.59. The firm has a market capitalization of $108.26 billion, a P/E ratio of 62.78, a P/E/G ratio of 2.14 and a beta of 1.19. The company’s fifty day moving average price is $261.39 and its two-hundred day moving average price is $242.09.
Howmet Aerospace Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th were paid 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 was Friday, May 8th. Howmet Aerospace’s dividend payout ratio (DPR) is 11.14%.
Analyst Upgrades and Downgrades
Several research firms have commented on HWM. BNP Paribas Exane reissued an “outperform” rating and issued a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 target price on shares of Howmet Aerospace in a research note on Friday, May 8th. Sanford C. Bernstein reiterated an “outperform” rating and set a $318.00 target price on shares of Howmet Aerospace in a report on Tuesday, June 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a report on Tuesday, April 21st. Finally, Citigroup boosted their price target on Howmet Aerospace from $303.00 to $311.00 and gave the stock a “buy” rating in a research report on Wednesday. Eighteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $287.95.
Check Out Our Latest Stock Report on Howmet Aerospace
Insider Transactions at Howmet Aerospace
In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of Howmet Aerospace 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 sale, the executive vice president directly owned 65,105 shares in the company, valued at $17,545,797.50. The trade was a 39.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.85% of the stock is owned by corporate insiders.
Howmet Aerospace Company Profile
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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