Cavalier Investments LLC increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 104.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 276,281 shares of the company’s stock after purchasing an additional 140,970 shares during the period. Howmet Aerospace makes up approximately 15.6% of Cavalier Investments LLC’s holdings, making the stock its largest position. Cavalier Investments LLC owned 0.07% of Howmet Aerospace worth $51,424,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Harbour Investments Inc. lifted its position in shares of Howmet Aerospace by 10.1% during the 1st quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock worth $145,000 after purchasing an additional 102 shares during the last quarter. PFG Advisors lifted its position in shares of Howmet Aerospace by 37.9% during the 1st quarter. PFG Advisors now owns 9,593 shares of the company’s stock worth $1,245,000 after purchasing an additional 2,635 shares during the last quarter. Private Trust Co. NA lifted its position in shares of Howmet Aerospace by 65.4% during the 1st quarter. Private Trust Co. NA now owns 673 shares of the company’s stock worth $87,000 after purchasing an additional 266 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth about $40,949,000. Finally, Diversified Trust Co raised its holdings in Howmet Aerospace by 13.5% in the 2nd quarter. Diversified Trust Co now owns 22,297 shares of the company’s stock valued at $4,150,000 after acquiring an additional 2,645 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Trading Up 2.5%
Shares of HWM opened at $197.26 on Wednesday. Howmet Aerospace Inc. has a 1 year low of $98.83 and a 1 year high of $198.48. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $184.19 and a 200-day simple moving average of $171.02. The stock has a market cap of $79.52 billion, a PE ratio of 57.68, a PEG ratio of 2.50 and a beta of 1.45.
Howmet Aerospace Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is presently 14.04%.
Analyst Ratings Changes
Several equities analysts have commented on HWM shares. Morgan Stanley upped their price target on Howmet Aerospace from $170.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Susquehanna upped their price target on Howmet Aerospace from $210.00 to $220.00 and gave the company a “positive” rating in a report on Thursday, October 9th. Vertical Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Truist Financial upped their price target on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $181.92.
Check Out Our Latest Stock Analysis on HWM
Howmet Aerospace Company Profile
Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.
Featured Stories
- Five stocks we like better than Howmet Aerospace
- 3 Stocks to Consider Buying in October
- 2 Ways to Trade Qualcomm Ahead of November’s Earnings
- 3 Warren Buffett Stocks to Buy Now
- Lululemon: 2 Signs the Bottom Is In, and 1 Sign It Isn’t
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Got 1K to Invest? These 3 Stocks Are Still Attractive Buys
Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM – Free Report).
Receive News & Ratings for Howmet Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howmet Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.