Sapient Capital LLC decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 45.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,193 shares of the company’s stock after selling 21,241 shares during the quarter. Sapient Capital LLC’s holdings in Howmet Aerospace were worth $5,698,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HWM. BlackRock Inc. acquired a new stake in shares of Howmet Aerospace during the 2nd quarter worth about $12,318,939,000. State Street Corp lifted its position in Howmet Aerospace by 3.3% in the second quarter. State Street Corp now owns 18,933,928 shares of the company’s stock valued at $5,090,576,000 after buying an additional 612,866 shares during the last quarter. Bank of America Corp DE boosted its stake in Howmet Aerospace by 1.7% during the first quarter. Bank of America Corp DE now owns 10,728,447 shares of the company’s stock worth $2,472,478,000 after buying an additional 177,533 shares during the period. Jupiter Topco LLC acquired a new stake in shares of Howmet Aerospace during the second quarter valued at about $2,065,086,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Howmet Aerospace during the second quarter valued at about $1,099,765,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Stock Down 0.1%
Shares of NYSE:HWM traded down $0.29 during trading hours on Thursday, reaching $222.46. The stock had a trading volume of 2,653,778 shares, compared to its average volume of 2,720,207. Howmet Aerospace Inc. has a 1 year low of $183.83 and a 1 year 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 stock has a market capitalization of $89.01 billion, a price-to-earnings ratio of 47.94, a P/E/G ratio of 2.09 and a beta of 1.21. The firm’s 50 day moving average is $253.23 and its 200-day moving average is $257.62.
Howmet Aerospace Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace’s dividend payout ratio is 12.07%.
Analyst Ratings Changes
Several equities analysts have recently commented on HWM shares. Guggenheim began coverage on shares of Howmet Aerospace in a report on Monday, September 14th. They issued a “buy” rating and a $350.00 price objective on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $298.00 price target on shares of Howmet Aerospace in a research note on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $335.00 price objective on shares of Howmet Aerospace in a research note on Monday, August 10th. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $310.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Finally, Weiss Ratings raised Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $313.26.
View Our Latest Analysis on HWM
About Howmet Aerospace
Howmet Aerospace Inc (NYSE:HWM) is an aerospace and industrial products company that develops and manufactures advanced engineered components and systems. Its products are used primarily in commercial and defense aircraft, aircraft engines, and other transportation and industrial applications.
The company’s principal businesses include engine products, fastening systems, engineered structures, and forged wheels. Its offerings include forged and cast engine components, airfoils, titanium and nickel-based parts, aerospace structural components, specialized fasteners, and forged aluminum wheels for commercial transportation.
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