Short Interest in Howmet Aerospace Inc. (NYSE:HWM) Rises By 5.1%
Howmet Aerospace Inc. (NYSE:HWM – Get Free Report) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 2,880,000 shares, a growth of 5.1% from the October 31st total of 2,740,000 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 2,410,000 shares, the short-interest ratio is currently 1.2 days.
Institutional Investors Weigh In On Howmet Aerospace
A number of institutional investors have recently made changes to their positions in HWM. US Bancorp DE boosted its stake in shares of Howmet Aerospace by 9.7% in the 1st quarter. US Bancorp DE now owns 20,717 shares of the company’s stock valued at $745,000 after purchasing an additional 1,834 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Howmet Aerospace by 299.5% during the first quarter. HighTower Advisors LLC now owns 31,892 shares of the company’s stock valued at $1,147,000 after purchasing an additional 23,910 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of Howmet Aerospace by 2.2% during the first quarter. Panagora Asset Management Inc. now owns 31,230 shares of the company’s stock valued at $1,122,000 after purchasing an additional 663 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Howmet Aerospace by 5.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,781 shares of the company’s stock valued at $1,825,000 after purchasing an additional 2,520 shares during the period. Finally, APG Asset Management N.V. boosted its stake in shares of Howmet Aerospace by 4.0% during the first quarter. APG Asset Management N.V. now owns 20,900 shares of the company’s stock valued at $675,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.
Wall Street Analysts Forecast Growth
HWM has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Howmet Aerospace in a research note on Wednesday, September 27th. They issued a “buy” rating and a $59.00 target price for the company. Northcoast Research started coverage on Howmet Aerospace in a report on Thursday, October 5th. They set a “neutral” rating for the company. Barclays lifted their target price on Howmet Aerospace from $52.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. UBS Group started coverage on Howmet Aerospace in a report on Tuesday, October 10th. They set a “neutral” rating and a $51.00 target price for the company. Finally, KeyCorp lifted their target price on Howmet Aerospace from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average price target of $53.69.
Get Our Latest Research Report on Howmet Aerospace
Howmet Aerospace Stock Up 0.6 %
Shares of NYSE:HWM opened at $52.90 on Monday. Howmet Aerospace has a 52-week low of $37.25 and a 52-week high of $53.24. The firm has a fifty day moving average of $47.54 and a 200 day moving average of $47.71. The firm has a market capitalization of $21.78 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 1.39 and a beta of 1.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.94 and a current ratio of 2.14.
Howmet Aerospace (NYSE:HWM – Get Free Report) last announced its earnings results on Thursday, November 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. Howmet Aerospace had a net margin of 9.97% and a return on equity of 19.15%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.60 billion. As a group, research analysts anticipate that Howmet Aerospace will post 1.78 EPS for the current fiscal year.
Howmet Aerospace Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Friday, November 10th were paid a $0.05 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.38%. Howmet Aerospace’s dividend payout ratio is 13.16%.
Howmet Aerospace Company Profile (Get 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.
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Original: MarketBeat News Feed: Short Interest in Howmet Aerospace Inc. (NYSE:HWM) Rises By 5.1%