XTX Topco Ltd reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 48.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,480 shares of the company's stock after selling 11,739 shares during the period. XTX Topco Ltd's holdings in Howmet Aerospace were worth $1,251,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. RFG Advisory LLC purchased a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $209,000. Wedmont Private Capital grew its position in shares of Howmet Aerospace by 18.6% in the second quarter. Wedmont Private Capital now owns 6,147 shares of the company's stock valued at $487,000 after purchasing an additional 966 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Howmet Aerospace by 21.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,511 shares of the company's stock valued at $1,204,000 after purchasing an additional 2,765 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $120,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Howmet Aerospace by 121.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,169 shares of the company's stock valued at $1,721,000 after purchasing an additional 12,170 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Howmet Aerospace Stock Performance
Shares of NYSE HWM traded up $0.36 during midday trading on Tuesday, reaching $114.11. 2,009,053 shares of the company were exchanged, compared to its average volume of 2,908,543. 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 stock has a market cap of $46.36 billion, a P/E ratio of 43.89, a PEG ratio of 1.59 and a beta of 1.48. Howmet Aerospace Inc. has a 1 year low of $52.36 and a 1 year high of $120.71. The stock has a fifty day simple moving average of $108.98 and a 200 day simple moving average of $95.32.
Howmet Aerospace Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. Howmet Aerospace's payout ratio is currently 12.21%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on HWM shares. Robert W. Baird increased their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. UBS Group increased their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Susquehanna increased their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a research report on Thursday, November 7th. Bank of America increased their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Sanford C. Bernstein upped their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $115.41.
Check Out Our Latest Research Report 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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