WMS Group LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,658 shares of the company’s stock, valued at approximately $715,000. Howmet Aerospace comprises approximately 0.9% of WMS Group LLC’s investment portfolio, making the stock its 27th biggest holding.
A number of other large investors have also recently made changes to their positions in the stock. BankChampaign National Association boosted its stake in shares of Howmet Aerospace by 2.2% during the second quarter. BankChampaign National Association now owns 7,100 shares of the company’s stock valued at $1,909,000 after purchasing an additional 155 shares during the period. Bensler LLC purchased a new position in Howmet Aerospace in the 2nd quarter worth about $213,000. Anchyra Partners LLC lifted its holdings in Howmet Aerospace by 1.0% during the 2nd quarter. Anchyra Partners LLC now owns 4,359 shares of the company’s stock valued at $1,172,000 after buying an additional 45 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in Howmet Aerospace by 0.7% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 12,506 shares of the company’s stock valued at $3,362,000 after buying an additional 81 shares in the last quarter. Finally, Cornerstone Wealth Management LLC bought a new stake in Howmet Aerospace during the 2nd quarter valued at about $220,000. 90.46% of the stock is owned by hedge funds and other institutional investors.
Howmet Aerospace Stock Up 0.3%
Shares of Howmet Aerospace stock opened at $282.54 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87. The stock has a market cap of $113.05 billion, a price-to-earnings ratio of 60.89, a PEG ratio of 2.01 and a beta of 1.20. The firm’s 50-day moving average is $275.29 and its two-hundred day moving average is $255.92. Howmet Aerospace Inc. has a 1 year low of $169.45 and a 1 year high of $310.00.
Howmet Aerospace Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be issued a $0.14 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s dividend payout ratio (DPR) is 12.07%.
Analyst Upgrades and Downgrades
HWM has been the topic of a number of research analyst reports. TD Cowen upped 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. BNP Paribas Exane reaffirmed an “outperform” rating and set a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a research note on Friday, May 8th. Weiss Ratings lowered Howmet Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Susquehanna increased their price objective on Howmet Aerospace from $330.00 to $340.00 and gave the stock a “positive” rating in a research note on Friday, August 7th. Finally, Citigroup restated a “buy” rating on shares of Howmet Aerospace in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $315.67.
Get Our Latest Research 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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