Vanguard Personalized Indexing Management LLC raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 19.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 51,818 shares of the company’s stock after acquiring an additional 8,553 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Howmet Aerospace were worth $9,647,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Oak Ridge Investments LLC acquired a new stake in Howmet Aerospace during the 2nd quarter valued at $418,000. Apollon Wealth Management LLC boosted its stake in shares of Howmet Aerospace by 17.6% during the 2nd quarter. Apollon Wealth Management LLC now owns 20,223 shares of the company’s stock valued at $3,764,000 after buying an additional 3,029 shares during the period. Hemington Wealth Management boosted its stake in shares of Howmet Aerospace by 25.9% during the 2nd quarter. Hemington Wealth Management now owns 321 shares of the company’s stock valued at $59,000 after buying an additional 66 shares during the period. Inspire Investing LLC boosted its stake in shares of Howmet Aerospace by 163.6% during the 2nd quarter. Inspire Investing LLC now owns 15,375 shares of the company’s stock valued at $2,862,000 after buying an additional 9,543 shares during the period. Finally, Aberdeen Group plc boosted its stake in shares of Howmet Aerospace by 3.8% during the 2nd quarter. Aberdeen Group plc now owns 342,652 shares of the company’s stock valued at $63,848,000 after buying an additional 12,577 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.
Howmet Aerospace Stock Down 2.6%
NYSE HWM opened at $183.97 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. The firm has a 50-day simple moving average of $182.56 and a 200 day simple moving average of $168.13. Howmet Aerospace Inc. has a twelve month low of $98.83 and a twelve month high of $198.48. The stock has a market cap of $74.16 billion, a PE ratio of 53.79, a PEG ratio of 2.39 and a beta of 1.45.
Howmet Aerospace Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, November 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.04%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on HWM. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $150.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Susquehanna upped their price objective on shares of Howmet Aerospace from $210.00 to $220.00 and gave the stock a “positive” rating in a report on Thursday. Vertical Research restated a “buy” rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Morgan Stanley upped their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Finally, BTIG Research set a $205.00 price target on shares of Howmet Aerospace and gave the company a “buy” rating in a report on Monday, August 4th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.21.
View Our Latest Stock Analysis on HWM
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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