Retirement Systems of Alabama increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 332.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 370,027 shares of the company's stock after acquiring an additional 284,487 shares during the period. Retirement Systems of Alabama owned about 0.09% of Howmet Aerospace worth $37,095,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Cultivar Capital Inc. acquired a new position in shares of Howmet Aerospace in the second quarter valued at approximately $26,000. RiverPark Advisors LLC purchased a new stake in shares of Howmet Aerospace during the third quarter worth $26,000. LGT Financial Advisors LLC raised 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 valued at $28,000 after acquiring an additional 262 shares in the last quarter. Hollencrest Capital Management purchased a new position in Howmet Aerospace in the third quarter valued at $30,000. Finally, Rothschild Investment LLC acquired a new position in Howmet Aerospace during the 2nd quarter worth $32,000. 90.46% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have issued reports on HWM. UBS Group increased their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a research note on Wednesday. Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Finally, Barclays lifted their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.59.
Read Our Latest Research Report on HWM
Howmet Aerospace Stock Performance
Shares of HWM traded down $0.27 during midday trading on Friday, reaching $113.43. 1,565,477 shares of the stock were exchanged, compared to its average volume of 2,897,582. The company has a market capitalization of $46.08 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 1.56 and a beta of 1.48. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a twelve month low of $52.36 and a twelve month high of $120.71. The business's 50-day moving average price is $110.03 and its 200 day moving average price is $95.99.
Howmet Aerospace Dividend Announcement
The company 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. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date was Friday, November 8th. Howmet Aerospace's dividend payout ratio (DPR) is 12.21%.
Howmet Aerospace Profile
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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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