Coldstream Capital Management Inc. Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

Coldstream Capital Management Inc. boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 11.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,746 shares of the company’s stock after purchasing an additional 695 shares during the period. Coldstream Capital Management Inc.’s holdings in Howmet Aerospace were worth $686,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HWM. Caprock Group LLC lifted its position in shares of Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after buying an additional 106 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Howmet Aerospace by 6.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after acquiring an additional 124 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in Howmet Aerospace by 2.4% during the third quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after purchasing an additional 124 shares in the last quarter. Assetmark Inc. boosted its position in shares of Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after purchasing an additional 126 shares during the period. Finally, Huntington National Bank boosted its position in shares of Howmet Aerospace by 11.1% in the third quarter. Huntington National Bank now owns 1,526 shares of the company’s stock worth $153,000 after purchasing an additional 152 shares during the period. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank of Canada boosted their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their target price on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Bank of America boosted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Robert W. Baird increased their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.59.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $113.47 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a twelve month low of $52.36 and a twelve month high of $120.71. The company’s 50-day moving average price is $110.03 and its 200-day moving average price is $95.99. The company has a market cap of $46.10 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a dividend of $0.08 per share. 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 dividend payout ratio (DPR) is presently 12.21%.

Howmet Aerospace Company Profile

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.