J. Safra Sarasin Holding AG lessened its stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 64.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,640 shares of the company’s stock after selling 12,176 shares during the period. J. Safra Sarasin Holding AG’s holdings in Howmet Aerospace were worth $1,530,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. boosted its position in Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after buying an additional 73 shares during the last quarter. Acumen Wealth Advisors LLC bought a new stake in shares of Howmet Aerospace during the fourth quarter worth $25,000. Sound Income Strategies LLC lifted its stake in shares of Howmet Aerospace by 66.7% during the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock valued at $28,000 after acquiring an additional 50 shares during the period. Cornerstone Financial Management LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at $28,000. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in Howmet Aerospace by 65.1% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock valued at $28,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Price Performance
HWM opened at $276.95 on Wednesday. The stock has a market cap of $110.81 billion, a P/E ratio of 64.26, a P/E/G ratio of 2.13 and a beta of 1.19. Howmet Aerospace Inc. has a 12 month low of $169.45 and a 12 month high of $290.63. The company has a quick ratio of 1.59, a current ratio of 2.44 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $265.86 and a 200 day simple moving average of $245.61.
Howmet Aerospace Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, May 8th. Howmet Aerospace’s payout ratio is 11.14%.
Analyst Upgrades and Downgrades
HWM has been the subject of a number of research reports. KeyCorp started coverage on Howmet Aerospace in a research report on Wednesday, March 25th. They issued a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $320.00 target price on shares of Howmet Aerospace in a research report on Friday, May 8th. BTIG Research lifted their price target on shares of Howmet Aerospace from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 5th. Finally, TD Cowen boosted their price target on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $293.21.
Read Our Latest Analysis on HWM
Insider Buying and Selling at Howmet Aerospace
In other news, EVP Neil Edward Marchuk sold 41,932 shares of Howmet Aerospace stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the transaction, the executive vice president owned 65,105 shares in the company, valued at $17,545,797.50. The trade was a 39.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.85% of the stock is owned by company insiders.
About Howmet Aerospace
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.
Recommended Stories
- Five stocks we like better than Howmet Aerospace
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
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.
