Howmet Aerospace Inc. $HWM Stake Boosted by Navellier & Associates Inc.

Navellier & Associates Inc. grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 9.6% in the third quarter, HoldingsChannel.com reports. The firm owned 78,174 shares of the company’s stock after acquiring an additional 6,844 shares during the period. Howmet Aerospace accounts for approximately 1.6% of Navellier & Associates Inc.’s investment portfolio, making the stock its 10th biggest holding. Navellier & Associates Inc.’s holdings in Howmet Aerospace were worth $15,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of HWM. Traub Capital Management LLC purchased a new stake in Howmet Aerospace in the 2nd quarter worth $25,000. Winnow Wealth LLC purchased a new position in shares of Howmet Aerospace in the second quarter valued at about $25,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after acquiring an additional 73 shares during the period. Tradewinds Capital Management LLC boosted its stake in shares of Howmet Aerospace by 52.0% in the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after acquiring an additional 52 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Howmet Aerospace during the third quarter worth about $32,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 1.0%

HWM stock opened at $225.43 on Tuesday. The firm has a fifty day moving average price of $209.05 and a 200 day moving average price of $196.69. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $226.87. The firm has a market cap of $90.64 billion, a PE ratio of 63.32, a price-to-earnings-growth ratio of 2.11 and a beta of 1.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 6th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BNP Paribas Exane assumed coverage on Howmet Aerospace in a report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price target on the stock. iA Financial set a $240.00 price objective on shares of Howmet Aerospace in a research report on Monday, November 3rd. The Goldman Sachs Group upped their target price on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Susquehanna reaffirmed a “positive” rating and set a $255.00 target price on shares of Howmet Aerospace in a research note on Thursday, January 15th. Finally, Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $224.53.

Howmet Aerospace Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.