Caisse DE Depot ET Placement DU Quebec decreased its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 67.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,000 shares of the company's stock after selling 60,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Howmet Aerospace were worth $2,907,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Lone Pine Capital LLC acquired a new stake in Howmet Aerospace during the 2nd quarter valued at $284,539,000. D. E. Shaw & Co. Inc. grew its stake in shares of Howmet Aerospace by 1,168.7% during 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 acquiring an additional 1,070,049 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Howmet Aerospace by 341.7% during the second quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock worth $55,071,000 after acquiring an additional 548,800 shares during the last quarter. Natixis Advisors LLC lifted its stake 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 worth $45,993,000 after acquiring an additional 505,306 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in 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. Hedge funds and other institutional investors own 90.46% of the company's stock.
Howmet Aerospace Stock Performance
Shares of HWM traded up $1.39 during trading hours on Tuesday, reaching $119.08. 2,251,679 shares of the company's stock traded hands, compared to its average volume of 2,523,557. Howmet Aerospace Inc. has a twelve month low of $52.06 and a twelve month high of $119.40. The business's fifty day simple moving average is $107.51 and its two-hundred day simple moving average is $94.35. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market capitalization of $48.38 billion, a price-to-earnings ratio of 45.45, a P/E/G ratio of 1.58 and a beta of 1.48.
Howmet Aerospace Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a dividend of $0.08 per share. 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 12.21%.
Wall Street Analyst Weigh In
HWM has been the topic of several analyst reports. Truist Financial lifted their price objective on Howmet Aerospace from $123.00 to $128.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. UBS Group increased their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Robert W. Baird upped their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Barclays boosted their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Finally, Royal Bank of Canada lifted their target price on Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.41.
Get Our Latest Analysis on HWM
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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