Tidal Investments LLC Boosts Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Tidal Investments LLC grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 60.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,490 shares of the company’s stock after acquiring an additional 21,176 shares during the quarter. Tidal Investments LLC’s holdings in Howmet Aerospace were worth $5,663,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Senator Investment Group LP increased its position in Howmet Aerospace by 24.8% during the second quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock worth $12,110,000 after purchasing an additional 31,000 shares during the last quarter. Terra Nova Asset Management LLC acquired a new stake in shares of Howmet Aerospace during the 3rd quarter worth $1,264,000. Stifel Financial Corp raised its position in shares of Howmet Aerospace by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after buying an additional 28,568 shares during the period. Wealthspire Advisors LLC acquired a new position in Howmet Aerospace in the second quarter valued at $209,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in Howmet Aerospace by 1,258.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after acquiring an additional 1,900 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Trading Down 0.2 %

HWM opened at $113.47 on Friday. Howmet Aerospace Inc. has a 12-month low of $52.36 and a 12-month high of $120.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The stock has a market capitalization of $46.10 billion, a PE ratio of 43.31, a P/E/G ratio of 1.56 and a beta of 1.48. The firm’s fifty day moving average price is $110.03 and its 200 day moving average price is $95.99.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.08 per share. The ex-dividend date was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. Howmet Aerospace’s payout ratio is 12.21%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group raised their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Susquehanna raised their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.59.

Howmet Aerospace 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.