Wilmington Savings Fund Society FSB Has $742,000 Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Wilmington Savings Fund Society FSB boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 45.8% in the third quarter, Holdings Channel.com reports. The firm owned 7,397 shares of the company’s stock after acquiring an additional 2,324 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Howmet Aerospace were worth $742,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RiverPark Advisors LLC bought a new position in Howmet Aerospace in the third quarter valued at $26,000. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace in the third quarter valued at about $30,000. Cultivar Capital Inc. bought a new stake in Howmet Aerospace during the second quarter worth about $26,000. LGT Financial Advisors LLC boosted its position in Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in Howmet Aerospace in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

HWM has been the subject of several recent analyst reports. Truist Financial increased their price objective on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Barclays boosted their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Sanford C. Bernstein raised their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft increased their price target on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Bank of America lifted their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.59.

Howmet Aerospace Stock Down 0.2 %

Shares of HWM opened at $113.43 on Monday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 12 month low of $52.36 and a 12 month high of $120.71. The firm’s 50 day moving average is $110.03 and its 200-day moving average is $96.15. The stock has a market capitalization of $46.08 billion, a PE ratio of 43.29, a P/E/G 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 issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.28%. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

About Howmet Aerospace

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.