World Investment Advisors increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 144.7% during the fourth quarter, HoldingsChannel reports. The fund owned 11,578 shares of the company’s stock after buying an additional 6,846 shares during the quarter. World Investment Advisors’ holdings in Howmet Aerospace were worth $2,374,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp boosted its stake in shares of Howmet Aerospace by 2.2% during the fourth quarter. State Street Corp now owns 18,365,429 shares of the company’s stock valued at $3,765,280,000 after purchasing an additional 400,767 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Howmet Aerospace by 27.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock worth $3,409,936,000 after purchasing an additional 3,531,700 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Howmet Aerospace by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company’s stock valued at $2,316,277,000 after buying an additional 221,775 shares during the period. Bank of America Corp DE increased its stake in shares of Howmet Aerospace by 2.4% in the third quarter. Bank of America Corp DE now owns 10,877,771 shares of the company’s stock valued at $2,134,545,000 after buying an additional 255,419 shares during the period. Finally, Norges Bank bought a new position in Howmet Aerospace in the 4th quarter valued at approximately $1,793,698,000. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Trading Up 0.2%
HWM opened at $278.25 on Friday. The company has a market cap of $111.33 billion, a P/E ratio of 64.56, a price-to-earnings-growth ratio of 2.20 and a beta of 1.19. The company has a fifty day moving average price of $257.48 and a two-hundred day moving average price of $236.39. Howmet Aerospace Inc. has a 1-year low of $169.06 and a 1-year high of $290.63. The company has a current ratio of 2.44, a quick ratio of 1.59 and a debt-to-equity ratio of 0.73.
Howmet Aerospace Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is 11.14%.
Insider Transactions at Howmet Aerospace
In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $269.50, for a total value of $11,300,674.00. Following the completion of the transaction, the executive vice president owned 65,105 shares in the company, valued at $17,545,797.50. This trade represents a 39.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.85% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on HWM shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Tuesday, April 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $318.00 price target on shares of Howmet Aerospace in a research note on Tuesday. KeyCorp began coverage on shares of Howmet Aerospace in a report on Wednesday, March 25th. They set a “sector weight” rating on the stock. BTIG Research boosted their price objective on shares of Howmet Aerospace from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Bank of America increased their price objective on Howmet Aerospace from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 20th. Eighteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $287.53.
View Our Latest Research Report on Howmet Aerospace
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.
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