Golden State Equity Partners raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,820 shares of the company’s stock after buying an additional 77 shares during the quarter. Golden State Equity Partners’ holdings in Howmet Aerospace were worth $339,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in HWM. Pinpoint Asset Management Ltd raised its position in Howmet Aerospace by 42.8% in the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock worth $31,000 after buying an additional 71 shares during the last quarter. Hemington Wealth Management raised its stake in shares of Howmet Aerospace by 46.6% in the first quarter. Hemington Wealth Management now owns 255 shares of the company’s stock worth $33,000 after buying an additional 81 shares during the period. GPS Wealth Strategies Group LLC lifted its holdings in Howmet Aerospace by 114.6% during the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock valued at $34,000 after purchasing an additional 141 shares in the last quarter. Rise Advisors LLC increased its stake in Howmet Aerospace by 32.4% in 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 raised its stake in Howmet Aerospace by 100.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company’s stock valued at $36,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Stock Performance
NYSE HWM opened at $193.55 on Wednesday. Howmet Aerospace Inc. has a 1-year low of $97.86 and a 1-year high of $194.35. The stock has a 50-day moving average of $181.54 and a two-hundred day moving average of $162.33. The company has a market cap of $78.03 billion, a P/E ratio of 56.59, a P/E/G ratio of 2.49 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08.
Howmet Aerospace Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, August 8th. Howmet Aerospace’s dividend payout ratio is 14.04%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on HWM. Morgan Stanley raised their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Barclays reiterated an “overweight” rating and issued a $190.00 price target (up from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $150.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Bank of America raised their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Zacks Research raised shares of Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $172.13.
Check Out Our Latest Stock Report 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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