Mezzasalma Advisors LLC raised its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 13.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,490 shares of the company’s stock after purchasing an additional 978 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Howmet Aerospace were worth $1,580,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Brighton Jones LLC increased its position in shares of Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Howmet Aerospace by 22.1% during the first quarter. GAMMA Investing LLC now owns 10,238 shares of the company’s stock valued at $1,328,000 after acquiring an additional 1,854 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Howmet Aerospace by 233.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company’s stock valued at $18,277,000 after acquiring an additional 98,642 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Howmet Aerospace by 107.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 60,950 shares of the company’s stock valued at $7,907,000 after acquiring an additional 31,606 shares during the period. Finally, QRG Capital Management Inc. raised its stake in shares of Howmet Aerospace by 41.3% in the 1st quarter. QRG Capital Management Inc. now owns 9,825 shares of the company’s stock valued at $1,275,000 after acquiring an additional 2,873 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Price Performance
HWM stock opened at $189.64 on Friday. The business has a 50 day moving average price of $183.61 and a 200 day moving average price of $169.96. 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 stock has a market cap of $76.45 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 2.46 and a beta of 1.45. Howmet Aerospace Inc. has a fifty-two week low of $98.83 and a fifty-two week high of $198.48.
Howmet Aerospace Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, November 7th. Howmet Aerospace’s dividend payout ratio is currently 14.04%.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $150.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Barclays restated an “overweight” rating and set a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Finally, Susquehanna upped their price target on Howmet Aerospace from $210.00 to $220.00 and gave the stock a “positive” rating in a report on Thursday, October 9th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.00.
View Our Latest Stock Report on Howmet Aerospace
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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