UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,967,777 shares of the company's stock after selling 7,282 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.48% of Howmet Aerospace worth $197,270,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. Lone Pine Capital LLC bought a new stake in Howmet Aerospace during the second quarter worth $284,539,000. D. E. Shaw & Co. Inc. increased its holdings in shares of Howmet Aerospace by 1,168.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company's stock valued at $90,175,000 after purchasing an additional 1,070,049 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Howmet Aerospace by 341.7% in the second quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock valued at $55,071,000 after purchasing an additional 548,800 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Howmet Aerospace by 579.8% in the second quarter. Natixis Advisors LLC now owns 592,463 shares of the company's stock valued at $45,993,000 after purchasing an additional 505,306 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Howmet Aerospace by 695.6% in the third quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company's stock valued at $55,941,000 after purchasing an additional 487,880 shares during the last quarter. 90.46% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Truist Financial upped their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $113.00 to $129.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. 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 note on Monday, August 5th. Bank of America upped their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, Susquehanna upped their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.41.
Get Our Latest Report on HWM
Howmet Aerospace Price Performance
Shares of HWM stock traded up $1.68 on Friday, reaching $118.38. The company had a trading volume of 1,352,044 shares, compared to its average volume of 2,472,236. The stock has a market capitalization of $48.09 billion, a PE ratio of 45.18, a price-to-earnings-growth ratio of 1.59 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a one year low of $51.79 and a one year high of $119.28. The business's 50-day moving average is $106.73 and its 200 day moving average is $93.77.
Howmet Aerospace Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a $0.08 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. Howmet Aerospace's dividend payout ratio (DPR) is currently 12.21%.
About Howmet Aerospace
(
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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