Royal London Asset Management Ltd. lessened its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 10.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,134 shares of the company’s stock after selling 24,236 shares during the quarter. Royal London Asset Management Ltd. owned about 0.05% of Howmet Aerospace worth $58,110,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. increased its position in Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares during the last quarter. Acumen Wealth Advisors LLC bought a new position in Howmet Aerospace during the fourth quarter valued at $25,000. West Paces Advisors Inc. bought a new position in Howmet Aerospace during the second quarter valued at $27,000. Cornerstone Financial Management LLC purchased a new position in shares of Howmet Aerospace in the 4th quarter worth $28,000. Finally, Vermillion & White Wealth Management Group LLC grew its stake in shares of Howmet Aerospace by 65.1% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after buying an additional 54 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.
Howmet Aerospace Trading Down 1.2%
NYSE HWM opened at $264.48 on Friday. The company’s 50-day moving average price is $277.41 and its 200-day moving average price is $260.48. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The stock has a market cap of $105.82 billion, a PE ratio of 57.00, a PEG ratio of 1.89 and a beta of 1.20. Howmet Aerospace Inc. has a 12 month low of $170.81 and a 12 month high of $310.00.
Howmet Aerospace Increases Dividend
The company also recently announced 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 is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is presently 12.07%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on HWM shares. Citigroup restated a “buy” rating on shares of Howmet Aerospace in a research report on Wednesday, August 12th. Wells Fargo & Company reissued an “outperform” rating and set a $315.00 price objective on shares of Howmet Aerospace in a research note on Monday, August 10th. Susquehanna upped their price objective on Howmet Aerospace from $330.00 to $340.00 and gave the company a “positive” rating in a research report on Friday, August 7th. Morgan Stanley reissued an “overweight” rating and set a $335.00 target price on shares of Howmet Aerospace in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, August 10th. One equities research 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 company’s stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $316.22.
Get Our Latest Stock Analysis on HWM
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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