Roman Butler Fullerton & Co. purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,186 shares of the company’s stock, valued at approximately $2,763,000.
A number of other hedge funds also recently made changes to their positions in HWM. Brighton Jones LLC lifted its stake in shares of Howmet Aerospace by 5.4% in the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after acquiring an additional 130 shares during the period. Acadian Asset Management LLC acquired a new stake in Howmet Aerospace during the 1st quarter valued at approximately $399,000. Sivia Capital Partners LLC acquired a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $216,000. Brown Advisory Inc. raised its holdings in Howmet Aerospace by 31.0% during the 2nd quarter. Brown Advisory Inc. now owns 4,180 shares of the company’s stock worth $778,000 after purchasing an additional 990 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in Howmet Aerospace during the 2nd quarter worth approximately $145,000. 90.46% of the stock is currently owned by institutional investors.
Howmet Aerospace Trading Up 0.1%
Shares of HWM stock opened at $289.33 on Monday. The company has a market capitalization of $115.76 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 2.07 and a beta of 1.20. The company has a 50-day simple moving average of $276.03 and a two-hundred day simple moving average of $256.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. Howmet Aerospace Inc. has a 52-week low of $169.45 and a 52-week high of $310.00.
Howmet Aerospace Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, August 7th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.07%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. BTIG Research upped their price objective on shares of Howmet Aerospace from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Monday, August 10th. UBS Group lifted their target price on shares of Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $320.00 price target on shares of Howmet Aerospace in a research report on Friday, May 8th. Susquehanna increased their price target on Howmet Aerospace from $330.00 to $340.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $370.00 price target on shares of Howmet Aerospace in a report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $315.67.
View Our Latest Stock Report on Howmet Aerospace
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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