AlphaQuest LLC grew its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 9.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,904 shares of the company’s stock after acquiring an additional 333 shares during the period. AlphaQuest LLC’s holdings in Howmet Aerospace were worth $727,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in HWM. Brighton Jones LLC grew its position in 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 in the last quarter. Golden State Wealth Management LLC grew its position in Howmet Aerospace by 211.5% in the first quarter. Golden State Wealth Management LLC now owns 433 shares of the company’s stock worth $56,000 after acquiring an additional 294 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in shares of Howmet Aerospace by 6.3% in the first quarter. Perigon Wealth Management LLC now owns 3,086 shares of the company’s stock worth $400,000 after buying an additional 182 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Howmet Aerospace by 27.1% in the first quarter. Sequoia Financial Advisors LLC now owns 6,018 shares of the company’s stock worth $781,000 after buying an additional 1,282 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Howmet Aerospace by 531.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 714 shares of the company’s stock worth $93,000 after buying an additional 601 shares during the last quarter. 90.46% of the stock is owned by institutional investors.
Howmet Aerospace Stock Performance
Howmet Aerospace stock opened at $201.90 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 1 year low of $98.83 and a 1 year high of $202.84. The company has a market cap of $81.39 billion, a PE ratio of 59.04, a PEG ratio of 2.57 and a beta of 1.45. The company’s 50-day moving average is $186.09 and its two-hundred day moving average is $173.54.
Howmet Aerospace Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is presently 14.04%.
Analyst Ratings Changes
A number of brokerages have weighed in on HWM. Morgan Stanley increased their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Bank of America increased their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Truist Financial upped their target price on shares of Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Zacks Research lowered shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Howmet Aerospace in a report on Monday, June 30th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.92.
Get Our Latest Analysis on Howmet Aerospace
Howmet Aerospace 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.
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