Sequoia Financial Advisors LLC lifted its position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 44.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,778 shares of the company’s stock after purchasing an additional 6,670 shares during the period. Sequoia Financial Advisors LLC’s holdings in Howmet Aerospace were worth $5,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. grew its position in Howmet Aerospace by 119.7% during the second 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 period. Acumen Wealth Advisors LLC purchased a new position in Howmet Aerospace in the fourth quarter valued at $25,000. West Paces Advisors Inc. acquired a new position in shares of Howmet Aerospace in the second quarter worth about $27,000. Cornerstone Financial Management LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter worth about $28,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in shares of Howmet Aerospace by 65.1% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after acquiring an additional 54 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Howmet Aerospace Trading Up 0.5%
Shares of HWM opened at $229.16 on Friday. Howmet Aerospace Inc. has a 52-week low of $182.78 and a 52-week high of $310.00. The stock has a market cap of $91.69 billion, a PE ratio of 49.39, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. The firm’s fifty day moving average is $272.11 and its two-hundred day moving average is $260.58. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71.
Howmet Aerospace Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was 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 is currently 12.07%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on HWM. Citigroup restated a “buy” rating on shares of Howmet Aerospace in a research report on Tuesday, September 1st. Wall Street Zen downgraded Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 5th. Susquehanna raised their price objective on Howmet Aerospace from $330.00 to $340.00 and gave the company a “positive” rating in a report on Friday, August 7th. Jefferies Financial Group restated a “buy” rating and issued a $370.00 price objective on shares of Howmet Aerospace in a research report on Sunday, August 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. One investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $316.22.
View Our Latest Report on Howmet Aerospace
About Howmet Aerospace
Howmet Aerospace Inc (NYSE:HWM) is an aerospace and industrial manufacturer that develops and produces engineered components for commercial and defense aircraft, as well as products for transportation, energy and other industrial markets. Its offerings include aircraft engine components, airframe structures, fastening systems and forged aluminum wheels for commercial transportation.
The company’s aerospace products include turbine airfoils, engine casings, structural components and other specialized parts designed to support aircraft performance and efficiency.
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