Vinva Investment Management Ltd lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 186.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,525 shares of the company's stock after acquiring an additional 30,285 shares during the quarter. Vinva Investment Management Ltd's holdings in Howmet Aerospace were worth $4,616,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Lone Pine Capital LLC acquired a new position in shares of Howmet Aerospace in the 2nd quarter worth approximately $284,539,000. TD Asset Management Inc boosted its holdings in shares of Howmet Aerospace by 16.9% in the 2nd quarter. TD Asset Management Inc now owns 3,152,629 shares of the company's stock worth $244,739,000 after acquiring an additional 455,180 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Howmet Aerospace by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company's stock worth $231,101,000 after acquiring an additional 114,457 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Howmet Aerospace by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company's stock worth $163,218,000 after acquiring an additional 56,614 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Howmet Aerospace by 12.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company's stock worth $138,159,000 after acquiring an additional 150,387 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
HWM has been the subject of several research analyst reports. KeyCorp cut shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th. Susquehanna boosted their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a research report on Thursday, November 7th. Truist Financial boosted their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, BTIG Research boosted their price objective on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average price target of $115.41.
Check Out Our Latest Report on HWM
Howmet Aerospace Trading Up 1.5 %
Shares of HWM stock traded up $1.76 on Friday, hitting $118.46. The stock had a trading volume of 1,352,043 shares, compared to its average volume of 2,923,516. Howmet Aerospace Inc. has a twelve month low of $51.79 and a twelve month high of $119.28. The firm has a market cap of $48.13 billion, a P/E ratio of 45.21, a PEG ratio of 1.57 and a beta of 1.46. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average price of $106.73 and a two-hundred day moving average price of $93.68.
Howmet Aerospace Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace's dividend payout ratio (DPR) is 12.21%.
Howmet Aerospace 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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