Daiichi Life Insurance Co. Ltd. bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,922 shares of the company’s stock, valued at approximately $5,894,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC lifted its holdings in Howmet Aerospace by 55.1% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock worth $29,000 after purchasing an additional 38 shares in the last quarter. UMB Bank n.a. grew its holdings in Howmet Aerospace by 2.6% during the 4th quarter. UMB Bank n.a. now owns 1,620 shares of the company’s stock valued at $332,000 after buying an additional 41 shares in the last quarter. Tudor Financial Inc. grew its holdings in Howmet Aerospace by 2.6% during the 4th quarter. Tudor Financial Inc. now owns 1,650 shares of the company’s stock valued at $338,000 after buying an additional 42 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in shares of Howmet Aerospace by 2.5% during the first quarter. Physician Wealth Advisors Inc. now owns 1,730 shares of the company’s stock valued at $399,000 after buying an additional 42 shares during the last quarter. Finally, Roman Butler Fullerton & Co. raised its position in shares of Howmet Aerospace by 0.4% during the first quarter. Roman Butler Fullerton & Co. now owns 10,537 shares of the company’s stock valued at $2,634,000 after buying an additional 42 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Trading Down 0.8%
HWM stock opened at $271.58 on Friday. The firm has a fifty day moving average price of $278.62 and a 200 day moving average price of $258.62. Howmet Aerospace Inc. has a fifty-two week low of $170.24 and a fifty-two week high of $310.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. The firm has a market cap of $108.66 billion, a PE ratio of 58.53, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20.
Howmet Aerospace Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be issued a $0.14 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, August 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is presently 12.07%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on HWM. Sanford C. Bernstein restated an “outperform” rating and set a $318.00 target price on shares of Howmet Aerospace in a research report on Tuesday, June 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $370.00 price target on shares of Howmet Aerospace in a report on Sunday, August 9th. Royal Bank Of Canada boosted their price target on shares of Howmet Aerospace from $325.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Susquehanna increased their price objective on shares of Howmet Aerospace from $330.00 to $340.00 and gave the company a “positive” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $315.00 price objective on shares of Howmet Aerospace in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $315.67.
Howmet Aerospace Company 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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