Csenge Advisory Group purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,368 shares of the company’s stock, valued at approximately $906,000.
Several other institutional investors have also recently bought and sold shares of HWM. 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. West Paces Advisors Inc. bought a new stake in shares of Howmet Aerospace during the second quarter worth $27,000. Cornerstone Financial Management LLC bought a new stake in shares of Howmet Aerospace during the fourth quarter worth $28,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in shares of Howmet Aerospace by 65.1% during 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 period. Institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Price Performance
Shares of HWM opened at $283.47 on Thursday. The stock has a market cap of $113.42 billion, a P/E ratio of 61.09, a price-to-earnings-growth ratio of 2.09 and a beta of 1.20. Howmet Aerospace Inc. has a 1 year low of $169.45 and a 1 year high of $310.00. The stock’s 50-day moving average price is $278.29 and its two-hundred day moving average price is $258.07. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71.
Howmet Aerospace Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, August 7th. Howmet Aerospace’s dividend payout ratio is currently 12.07%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on HWM. Wall Street Zen cut Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 5th. JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Morgan Stanley restated an “overweight” rating and set a $335.00 target price on shares of Howmet Aerospace in a research report on Monday, August 10th. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $340.00 target price (up from $265.00) on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, TD Cowen lifted their price target on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $315.67.
Check Out Our Latest Research Report on Howmet Aerospace
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.
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