1 day Ago By ABMN Staff
Federated Hermes Inc. cut its stake in Howmet Aerospace Inc. ( NYSE:HWM – Free Report ) by 18.
8% in the second quarter, HoldingsChannel.com reports. The fund owned 90,087 shares of the company’s stock after selling 20,866 shares during the period.
Federated Hermes Inc.’s holdings in Howmet Aerospace were worth $6,993,000 as of its most recent filing with the Securities & Exchange Commission. Other large investors have also recently made changes to their positions in the company.
Principal Securities Inc. bought a new stake in Howmet Aerospace during the fourth quarter valued at approximately $93,000. Quadrant Capital Group LLC grew its position in Howmet Aerospace by 62.
9% during the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock valued at $53,000 after buying an additional 377 shares during the period. Brown Advisory Inc.
bought a new stake in Howmet Aerospace during the fourth quarter valued at approximately $204,000. PNC Financial Services Group Inc. grew its position in Howmet Aerospace by 2.
8% during the fourth quarter. PNC Financial Services Group Inc. now owns 52,108 shares of the company’s stock valued at $2,820,000 after buying an additional 1,397 shares during the period.
Finally, UBS Group AG grew its position in Howmet Aerospace by 13.4% during the fourth quarter. UBS Group AG now owns 1,099,995 shares of the company’s stock valued at $59,532,000 after buying an additional 130,045 shares during the period.
90.46% of the stock is currently owned by institutional investors. Howmet Aerospace Price Performance HWM stock opened at $94.
57 on Wednesday. Howmet Aerospace Inc. has a 52 week low of $42.
94 and a 52 week high of $98.15. The company has a quick ratio of 0.
74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68.
The company has a fifty day simple moving average of $90.30 and a two-hundred day simple moving average of $79.94.
The firm has a market capitalization of $38.60 billion, a P/E ratio of 45.69, a price-to-earnings-growth ratio of 1.
41 and a beta of 1.46. Howmet Aerospace Increases Dividend The company also recently announced a quarterly dividend, which was paid on Monday, August 26th.
Stockholders of record on Friday, August 9th were paid a $0.08 dividend. The ex-dividend date was Friday, August 9th.
This represents a $0.32 annualized dividend and a dividend yield of 0.34%.
This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s dividend payout ratio is currently 15.
46%. Insider Activity In other news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.
58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.
30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . In related news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction dated Thursday, August 22nd.
The shares were sold at an average price of $96.58, for a total value of $14,961,111.22.
Following the transaction, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .
Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.
78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78.
The disclosure for this sale can be found here . Insiders own 1.12% of the company’s stock.
Analysts Set New Price Targets Several analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Howmet Aerospace from $90.00 to $105.
00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Northcoast Research reaffirmed a “sell” rating and set a $70.00 price target on shares of Howmet Aerospace in a report on Friday, June 14th.
JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $83.00 to $105.
00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Truist Financial lifted their price target on shares of Howmet Aerospace from $88.00 to $105.
00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, BTIG Research boosted their target price on shares of Howmet Aerospace from $95.00 to $115.
00 and gave the stock a “buy” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.
com, Howmet Aerospace has an average rating of “Moderate Buy” and an average price target of $90.67. Check Out Our Latest Stock Report on Howmet Aerospace 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. Recommended Stories Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc.
( NYSE:HWM – Free Report ). Receive News & Ratings for Howmet Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howmet Aerospace and related companies with MarketBeat.com's FREE daily email newsletter .
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