The Manufacturers Life Insurance Company acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 207,563 shares of the company’s stock, valued at approximately $55,805,000. The Manufacturers Life Insurance Company owned 0.05% of Howmet Aerospace as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Howmet Aerospace by 55.1% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock worth $29,000 after buying an additional 38 shares during the period. UMB Bank n.a. raised its stake in Howmet Aerospace by 2.6% during the 4th quarter. UMB Bank n.a. now owns 1,620 shares of the company’s stock valued at $332,000 after acquiring an additional 41 shares during the last quarter. Tudor Financial Inc. raised its stake in Howmet Aerospace by 2.6% during the 4th quarter. Tudor Financial Inc. now owns 1,650 shares of the company’s stock valued at $338,000 after acquiring an additional 42 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in Howmet Aerospace by 2.5% during the 1st quarter. Physician Wealth Advisors Inc. now owns 1,730 shares of the company’s stock valued at $399,000 after acquiring an additional 42 shares during the last quarter. Finally, Roman Butler Fullerton & Co. lifted its position in Howmet Aerospace by 0.4% during the 1st quarter. Roman Butler Fullerton & Co. now owns 10,537 shares of the company’s stock worth $2,634,000 after acquiring an additional 42 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.
Howmet Aerospace Price Performance
Shares of HWM opened at $264.17 on Wednesday. Howmet Aerospace Inc. has a twelve month low of $170.81 and a twelve month high of $310.00. The stock’s 50 day moving average is $278.18 and its two-hundred day moving average is $259.72. The firm has a market capitalization of $105.70 billion, a PE ratio of 56.93, a P/E/G ratio of 1.88 and a beta of 1.20. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71.
Howmet Aerospace Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, August 7th. Howmet Aerospace’s dividend payout ratio is 12.07%.
Wall Street Analysts Forecast Growth
HWM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $320.00 target price on shares of Howmet Aerospace in a research note on Friday, May 8th. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $310.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. BTIG Research increased their price target on Howmet Aerospace from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Citigroup reiterated a “buy” rating on shares of Howmet Aerospace in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $370.00 price objective on shares of Howmet Aerospace in a research note on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $316.22.
View Our Latest Stock 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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