Vista Investment Management bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,705 shares of the company’s stock, valued at approximately $996,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Financial Management LLC bought a new position in Howmet Aerospace in the 2nd quarter valued at $359,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at $6,363,000. Alta Advisers Ltd purchased a new position in Howmet Aerospace during the second quarter worth about $431,000. Daiichi Life Insurance Co. Ltd. bought a new position in Howmet Aerospace in the 2nd quarter worth about $5,894,000. Finally, Commerce Bank bought a new position in Howmet Aerospace in the 2nd quarter worth about $9,761,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Howmet Aerospace Price Performance
Shares of NYSE:HWM opened at $271.58 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71. The stock has a market cap of $108.66 billion, a PE ratio of 58.53, a PEG ratio of 1.94 and a beta of 1.20. The company’s fifty day moving average is $278.62 and its 200 day moving average is $258.62. Howmet Aerospace Inc. has a 52 week low of $170.24 and a 52 week high of $310.00.
Howmet Aerospace Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, August 7th. This represents a $0.56 annualized dividend and a yield of 0.2%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.07%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on HWM. Sanford C. Bernstein reiterated an “outperform” rating and set a $318.00 price target on shares of Howmet Aerospace in a research report on Tuesday, June 16th. Morgan Stanley restated an “overweight” rating and issued a $335.00 price objective on shares of Howmet Aerospace in a research report on Monday, August 10th. Royal Bank Of Canada lifted their target price on shares of Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $320.00 price target on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, UBS Group increased their price target on shares of Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.67.
Check Out Our Latest Analysis 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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