Caisse Des Depots ET Consignations Invests $1.26 Million in Howmet Aerospace Inc. $HWM

Caisse Des Depots ET Consignations acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 6,395 shares of the company’s stock, valued at approximately $1,255,000.

Other hedge funds have also added to or reduced their stakes in the company. Traub Capital Management LLC bought a new stake in Howmet Aerospace during the 2nd quarter worth approximately $25,000. Winnow Wealth LLC acquired a new position in shares of Howmet Aerospace during the second quarter worth $25,000. Newbridge Financial Services Group Inc. grew its stake in shares of Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in shares of Howmet Aerospace by 52.0% in the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Howmet Aerospace in the second quarter valued at $32,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 3.0%

Howmet Aerospace stock opened at $231.17 on Thursday. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $92.94 billion, a PE ratio of 64.94, a PEG ratio of 2.13 and a beta of 1.26. The firm’s fifty day moving average is $210.36 and its 200 day moving average is $197.17. Howmet Aerospace Inc. has a 12-month low of $105.04 and a 12-month high of $233.60.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 6th. Howmet Aerospace’s dividend payout ratio is 13.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HWM shares. BNP Paribas Exane began coverage on Howmet Aerospace in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price target on the stock. Susquehanna reaffirmed a “positive” rating and issued a $255.00 price objective on shares of Howmet Aerospace in a research note on Thursday, January 15th. Royal Bank Of Canada upped their target price on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Finally, BTIG Research boosted their price target on shares of Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average price target of $224.53.

Howmet Aerospace Company Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.