Silvant Capital Management LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,463 shares of the company’s stock, valued at approximately $2,275,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of HWM. LaSalle St. Investment Advisors LLC purchased a new position in shares of Howmet Aerospace in the second quarter worth about $361,000. Mystic Asset Management Inc. purchased a new stake in Howmet Aerospace during the 2nd quarter valued at about $454,000. Portfolio Design Labs LLC purchased a new stake in Howmet Aerospace during the 2nd quarter valued at about $2,237,000. Reliant Investment Partners LLC bought a new position in Howmet Aerospace during the 2nd quarter worth approximately $334,000. Finally, Ninepoint Partners LP bought a new position in Howmet Aerospace during the 2nd quarter worth approximately $363,000. 90.46% of the stock is owned by institutional investors.
Howmet Aerospace Stock Down 3.6%
Shares of Howmet Aerospace stock opened at $273.39 on Friday. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The company’s fifty day simple moving average is $278.47 and its two-hundred day simple moving average is $258.53. The company has a market cap of $109.39 billion, a P/E ratio of 58.92, a PEG ratio of 2.03 and a beta of 1.20. Howmet Aerospace Inc. has a 12-month low of $170.24 and a 12-month high of $310.00.
Howmet Aerospace Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s payout ratio is currently 12.07%.
Analysts Set New Price Targets
HWM has been the subject of several recent research reports. Wall Street Zen downgraded Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 5th. Morgan Stanley restated an “overweight” rating and issued a $335.00 target price on shares of Howmet Aerospace in a report on Monday, August 10th. TD Cowen lifted their target price on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. BTIG Research upped their price target on shares of Howmet Aerospace from $300.00 to $340.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $315.67.
Get Our Latest Stock Analysis 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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