Cerity Partners LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 155.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,365 shares of the company's stock after buying an additional 33,686 shares during the period. Cerity Partners LLC's holdings in Howmet Aerospace were worth $5,550,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cultivar Capital Inc. acquired a new position in shares of Howmet Aerospace during the second quarter worth $26,000. RiverPark Advisors LLC bought a new position in shares of Howmet Aerospace during the third quarter worth about $26,000. LGT Financial Advisors LLC lifted its stake in shares of Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock worth $28,000 after acquiring an additional 262 shares during the period. Hollencrest Capital Management bought a new stake in Howmet Aerospace in the third quarter valued at approximately $30,000. Finally, Rothschild Investment LLC acquired a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $32,000. Institutional investors own 90.46% of the company's stock.
Howmet Aerospace Stock Up 1.5 %
Shares of Howmet Aerospace stock traded up $1.76 on Friday, hitting $118.46. The company had a trading volume of 1,352,043 shares, compared to its average volume of 2,923,516. The stock has a market capitalization of $48.13 billion, a price-to-earnings ratio of 45.21, a P/E/G ratio of 1.57 and a beta of 1.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a 1 year low of $51.79 and a 1 year high of $119.28. The stock has a 50 day moving average of $106.73 and a 200-day moving average of $93.68.
Howmet Aerospace Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.21%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on HWM shares. KeyCorp downgraded shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. BTIG Research upped their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, August 5th. Barclays lifted their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Bank of America upped their target price on Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Finally, Sanford C. Bernstein boosted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.41.
Read Our Latest Report on HWM
Howmet Aerospace Company Profile
(
Free Report)
Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.
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