Harvest Fund Management Co. Ltd increased its position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 37.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,771 shares of the company’s stock after purchasing an additional 2,921 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Howmet Aerospace were worth $2,208,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWM. Silverleafe Capital Partners LLC grew its position in Howmet Aerospace by 339.3% during the 4th quarter. Silverleafe Capital Partners LLC now owns 5,847 shares of the company’s stock worth $1,199,000 after acquiring an additional 4,516 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Howmet Aerospace by 8.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 475,814 shares of the company’s stock worth $96,916,000 after acquiring an additional 36,195 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in Howmet Aerospace by 20.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 153,889 shares of the company’s stock worth $30,198,000 after acquiring an additional 25,957 shares during the last quarter. Prime Capital Investment Advisors LLC grew its position in Howmet Aerospace by 7.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 68,019 shares of the company’s stock worth $13,347,000 after acquiring an additional 4,907 shares during the last quarter. Finally, M&T Bank Corp grew its position in Howmet Aerospace by 75.0% during the 4th quarter. M&T Bank Corp now owns 42,975 shares of the company’s stock worth $8,810,000 after acquiring an additional 18,417 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Stock Up 1.1%
NYSE:HWM opened at $252.01 on Friday. The stock’s fifty day moving average price is $250.83 and its two-hundred day moving average price is $231.82. Howmet Aerospace Inc. has a 52-week low of $165.51 and a 52-week high of $280.74. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.59 and a current ratio of 2.44. The company has a market cap of $100.83 billion, a price-to-earnings ratio of 58.47, a P/E/G ratio of 1.97 and a beta of 1.19.
Howmet Aerospace Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is 11.14%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on HWM. Royal Bank Of Canada increased their price target on Howmet Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $320.00 price target on shares of Howmet Aerospace in a research report on Friday, May 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $320.00 price objective on shares of Howmet Aerospace in a report on Sunday, May 10th. BTIG Research upped their price objective on Howmet Aerospace from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Howmet Aerospace in a report on Tuesday, February 17th. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $285.53.
Get Our Latest Analysis on Howmet Aerospace
Insider Buying and Selling at Howmet Aerospace
In other news, EVP Neil Edward Marchuk sold 41,932 shares of the stock in a transaction on 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 transaction, the executive vice president owned 65,105 shares of the company’s stock, valued at $17,545,797.50. This represents a 39.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.85% of the stock is currently owned by company insiders.
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.
Read More
- Five stocks we like better than Howmet Aerospace
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM – Free Report).
Receive News & Ratings for Howmet Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howmet Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
