Proficio Capital Partners LLC acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,161 shares of the company’s stock, valued at approximately $850,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HWM. Newbridge Financial Services Group Inc. increased its holdings in shares of Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after purchasing an additional 73 shares during the period. Acumen Wealth Advisors LLC purchased a new position in shares of Howmet Aerospace in the fourth quarter worth about $25,000. West Paces Advisors Inc. acquired a new position in shares of Howmet Aerospace during the 2nd quarter valued at about $27,000. Cornerstone Financial Management LLC purchased a new stake in Howmet Aerospace in the fourth quarter valued at $28,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in shares of Howmet Aerospace by 65.1% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Stock Performance
Shares of HWM stock opened at $269.32 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87. Howmet Aerospace Inc. has a 12 month low of $170.81 and a 12 month high of $310.00. The company’s fifty day moving average price is $277.90 and its two-hundred day moving average price is $260.14. The firm has a market capitalization of $107.76 billion, a P/E ratio of 58.04, a P/E/G ratio of 1.89 and a beta of 1.20.
Howmet Aerospace Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, August 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s dividend payout ratio is 12.07%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on HWM shares. Susquehanna lifted their price objective on Howmet Aerospace from $330.00 to $340.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Royal Bank Of Canada raised their price target on Howmet Aerospace from $325.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. BTIG Research increased their target price on shares of Howmet Aerospace from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Zacks Research raised shares of Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Finally, UBS Group increased their price target on shares of Howmet Aerospace from $299.00 to $326.00 and gave the company a “neutral” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $316.22.
Check Out Our Latest Stock 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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