Sapient Capital LLC decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 45.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,193 shares of the company’s stock after selling 21,241 shares during the period. Sapient Capital LLC’s holdings in Howmet Aerospace were worth $5,698,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of HWM. BlackRock Inc. acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at $12,318,939,000. Bank of America Corp DE acquired a new stake in Howmet Aerospace during the 2nd quarter worth $2,766,806,000. Jupiter Topco LLC acquired a new stake in Howmet Aerospace during the 2nd quarter worth $2,065,086,000. Bank of New York Mellon Corp purchased a new position in Howmet Aerospace during the 2nd quarter worth $1,099,765,000. Finally, Legal & General Group Plc acquired a new position in Howmet Aerospace in the second quarter valued at $580,991,000. 90.46% of the stock is owned by institutional investors and hedge funds.
Howmet Aerospace Stock Performance
NYSE HWM traded down $0.29 during trading hours on Thursday, hitting $222.46. 2,653,778 shares of the stock were exchanged, compared to its average volume of 2,720,207. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71. The company has a market cap of $89.01 billion, a price-to-earnings ratio of 47.94, a price-to-earnings-growth ratio of 2.09 and a beta of 1.21. Howmet Aerospace Inc. has a 12-month low of $183.83 and a 12-month high of $310.00. The stock has a 50-day moving average of $253.23 and a 200 day moving average of $257.62.
Howmet Aerospace Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, August 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.07%.
Analysts Set New Price Targets
HWM has been the subject of a number of research reports. BTIG Research upped their target price on shares of Howmet Aerospace from $300.00 to $340.00 and gave the company a “buy” rating in a report on Monday, August 10th. Citigroup reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Wednesday, September 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $298.00 price objective on shares of Howmet Aerospace in a research report on Wednesday. TD Cowen lifted their target price on Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Finally, Guggenheim began coverage on Howmet Aerospace in a research note on Monday, September 14th. They set a “buy” rating and a $350.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $313.26.
Get Our Latest Analysis on Howmet Aerospace
Howmet Aerospace Profile
Howmet Aerospace Inc (NYSE:HWM) is an aerospace and industrial products company that develops and manufactures advanced engineered components and systems. Its products are used primarily in commercial and defense aircraft, aircraft engines, and other transportation and industrial applications.
The company’s principal businesses include engine products, fastening systems, engineered structures, and forged wheels. Its offerings include forged and cast engine components, airfoils, titanium and nickel-based parts, aerospace structural components, specialized fasteners, and forged aluminum wheels for commercial transportation.
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