Collaborative Fund Advisors LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,859 shares of the company’s stock, valued at approximately $428,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. lifted its stake in shares of Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after buying an additional 73 shares during the last quarter. Acumen Wealth Advisors LLC bought a new position in Howmet Aerospace in the 4th quarter valued at about $25,000. Sound Income Strategies LLC raised its holdings in Howmet Aerospace by 66.7% in the 4th quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock valued at $28,000 after acquiring an additional 50 shares during the period. Cornerstone Financial Management LLC acquired a new stake in Howmet Aerospace during the fourth quarter worth approximately $28,000. Finally, Vermillion & White Wealth Management Group LLC lifted its position in Howmet Aerospace by 65.1% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after acquiring an additional 54 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Howmet Aerospace Stock Performance
NYSE HWM opened at $270.59 on Monday. The firm has a 50-day moving average price of $261.39 and a two-hundred day moving average price of $242.09. Howmet Aerospace Inc. has a 12-month low of $169.45 and a 12-month high of $290.63. The company has a market capitalization of $108.26 billion, a P/E ratio of 62.78, a P/E/G ratio of 2.14 and a beta of 1.19. The company has a quick ratio of 1.59, a current ratio of 2.44 and a debt-to-equity ratio of 0.73.
Howmet Aerospace Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, May 8th. Howmet Aerospace’s dividend payout ratio (DPR) is 11.14%.
Insiders Place Their Bets
In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of Howmet Aerospace stock in a transaction on Monday, May 11th. The stock was sold at an average price of $269.50, for a total value of $11,300,674.00. Following the completion of the transaction, the executive vice president directly owned 65,105 shares of the company’s stock, valued at $17,545,797.50. The trade was a 39.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on HWM. Truist Financial set a $280.00 price objective on Howmet Aerospace in a report on Wednesday, March 11th. Sanford C. Bernstein reiterated an “outperform” rating and set a $318.00 target price on shares of Howmet Aerospace in a research note on Tuesday, June 16th. UBS Group lifted their price target on Howmet Aerospace from $260.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Citigroup boosted their price target on Howmet Aerospace from $303.00 to $311.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, BTIG Research upped their price objective on Howmet Aerospace from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, May 8th. Eighteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $287.95.
Read Our Latest Stock Report on Howmet Aerospace
Howmet Aerospace 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.
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