Ashton Thomas Securities LLC cut its stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 13.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,758 shares of the company’s stock after selling 1,075 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Howmet Aerospace were worth $1,258,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Howmet Aerospace by 31.1% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 82,376 shares of the company’s stock valued at $15,333,000 after buying an additional 19,525 shares in the last quarter. Vicus Capital purchased a new position in Howmet Aerospace in the 2nd quarter valued at approximately $291,000. Robeco Institutional Asset Management B.V. raised its holdings in Howmet Aerospace by 49.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 431,296 shares of the company’s stock worth $80,277,000 after purchasing an additional 142,884 shares during the last quarter. SMI Advisory Services LLC purchased a new stake in Howmet Aerospace during the second quarter worth $355,000. Finally, Childress Capital Advisors LLC grew its holdings in Howmet Aerospace by 5.3% in the second quarter. Childress Capital Advisors LLC now owns 1,880 shares of the company’s stock valued at $350,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Stock Performance
Shares of HWM opened at $191.11 on Friday. The company has a market capitalization of $77.04 billion, a price-to-earnings ratio of 55.88, a PEG ratio of 2.52 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. Howmet Aerospace Inc. has a 1 year low of $98.83 and a 1 year high of $198.48. The company’s 50 day simple moving average is $182.33 and its 200 day simple moving average is $165.31.
Howmet Aerospace Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be issued a $0.12 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.48 annualized dividend and a yield of 0.3%. Howmet Aerospace’s payout ratio is 14.04%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on HWM shares. Truist Financial lifted their price target on Howmet Aerospace from $161.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. Bank of America lifted their target price on shares of Howmet Aerospace from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Morgan Stanley lifted their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Barclays reaffirmed an “overweight” rating and issued a $190.00 target price (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.50.
Check Out Our Latest Report on HWM
About Howmet Aerospace
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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