Heartwood Wealth Advisors LLC acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,822 shares of the company’s stock, valued at approximately $898,000.
Other large investors also recently added to or reduced their stakes in the company. Pinpoint Asset Management Ltd raised its stake in shares of Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Hemington Wealth Management raised its position in Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after purchasing an additional 81 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock worth $34,000 after buying an additional 141 shares during the period. Rise Advisors LLC grew its position in shares of Howmet Aerospace by 32.4% during the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock worth $35,000 after buying an additional 66 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Howmet Aerospace by 100.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company’s stock valued at $36,000 after buying an additional 140 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.
Howmet Aerospace Trading Up 1.0%
NYSE HWM opened at $186.00 on Monday. Howmet Aerospace Inc. has a 52 week low of $92.77 and a 52 week high of $193.26. The company has a 50 day moving average price of $180.31 and a 200 day moving average price of $159.58. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The firm has a market cap of $74.98 billion, a PE ratio of 54.39, a price-to-earnings-growth ratio of 2.40 and a beta of 1.45.
Howmet Aerospace Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.48 annualized dividend and a yield of 0.3%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.10. Howmet Aerospace’s dividend payout ratio is currently 14.04%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on HWM shares. Wall Street Zen raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Royal Bank Of Canada restated an “outperform” rating on shares of Howmet Aerospace in a report on Monday, June 30th. Vertical Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. BTIG Research set a $205.00 price objective on shares of Howmet Aerospace and gave the company a “buy” rating in a report on Monday, August 4th. Finally, Truist Financial boosted their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.13.
Get Our Latest 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.
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