West Michigan Advisors LLC decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 60.4% during the second quarter, Holdings Channel.com reports. The firm owned 1,490 shares of the company’s stock after selling 2,270 shares during the period. West Michigan Advisors LLC’s holdings in Howmet Aerospace were worth $277,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Interchange Capital Partners LLC bought a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $39,000. REAP Financial Group LLC boosted its position in shares of Howmet Aerospace by 101.9% in the second quarter. REAP Financial Group LLC now owns 212 shares of the company’s stock valued at $39,000 after acquiring an additional 107 shares during the period. AdvisorNet Financial Inc boosted its position in shares of Howmet Aerospace by 2,433.3% in the second quarter. AdvisorNet Financial Inc now owns 228 shares of the company’s stock valued at $42,000 after acquiring an additional 219 shares during the period. Pinpoint Asset Management Ltd lifted its position in Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock worth $31,000 after purchasing an additional 71 shares during the period. Finally, Hemington Wealth Management lifted its position in 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 purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Price Performance
Shares of HWM opened at $198.71 on Friday. Howmet Aerospace Inc. has a 1 year low of $98.83 and a 1 year high of $202.50. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The stock has a market cap of $80.11 billion, a P/E ratio of 58.10, a price-to-earnings-growth ratio of 2.59 and a beta of 1.45. The stock’s 50-day moving average price is $185.51 and its two-hundred day moving average price is $172.31.
Howmet Aerospace Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is 14.04%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on HWM shares. JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $150.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Bank of America lifted their price objective on Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Wall Street Zen raised Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. Finally, Truist Financial raised their target price on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.92.
Check Out Our Latest Research 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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