Wesbanco Bank Inc. purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Get Rating) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 15,728 shares of the company's stock, valued at approximately $495,000.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Howmet Aerospace by 10.9% during the 1st quarter. BlackRock Inc. now owns 39,523,278 shares of the company's stock worth $1,420,466,000 after purchasing an additional 3,870,223 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Howmet Aerospace by 4.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,006,728 shares of the company's stock worth $647,162,000 after purchasing an additional 831,235 shares during the last quarter. State Street Corp lifted its holdings in Howmet Aerospace by 0.4% during the 4th quarter. State Street Corp now owns 17,645,959 shares of the company's stock worth $561,671,000 after purchasing an additional 74,973 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Howmet Aerospace by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 8,435,637 shares of the company's stock worth $303,178,000 after purchasing an additional 496,769 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Howmet Aerospace by 8.4% during the 4th quarter. Alliancebernstein L.P. now owns 3,562,848 shares of the company's stock worth $113,405,000 after purchasing an additional 275,025 shares during the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Trading Down 2.5 %

Shares of HWM opened at $31.04 on Tuesday. Howmet Aerospace Inc. has a 52-week low of $27.41 and a 52-week high of $38.99. The business's fifty day moving average is $35.94 and its 200-day moving average is $34.88. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.96 and a current ratio of 2.15. The firm has a market cap of $12.89 billion, a price-to-earnings ratio of 34.49 and a beta of 1.58.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Friday, August 5th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, August 4th. Howmet Aerospace's dividend payout ratio (DPR) is currently 8.89%.

Analysts Set New Price Targets

A number of research firms have commented on HWM. KeyCorp lowered their price objective on Howmet Aerospace from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, July 8th. Benchmark upgraded Howmet Aerospace from a "hold" rating to a "buy" rating and set a $40.00 price objective on the stock in a research note on Friday, July 8th. Morgan Stanley raised their price objective on Howmet Aerospace from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, September 8th. Argus raised their price objective on Howmet Aerospace from $38.00 to $41.00 and gave the stock a "buy" rating in a research note on Tuesday, June 7th. Finally, Truist Financial began coverage on Howmet Aerospace in a research note on Wednesday, July 6th. They set a "buy" rating and a $41.00 price objective on the stock. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $40.86.

Howmet Aerospace Company Profile

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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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