Howmet Aerospace Inc. (NYSE:HWM) Short Interest Update

Howmet Aerospace Inc. (NYSE:HWM) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 7,780,000 shares, a growth of 5.3% from the October 31st total of 7,390,000 shares. Based on an average daily volume of 2,370,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.9% of the company’s shares are short sold.

Howmet Aerospace Stock Performance

HWM stock traded up $1.19 during mid-day trading on Tuesday, reaching $118.88. The company had a trading volume of 1,240,389 shares, compared to its average volume of 2,916,140. 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 has a one year low of $52.06 and a one year high of $119.40. The stock’s 50-day simple moving average is $106.73 and its two-hundred day simple moving average is $93.85. The stock has a market capitalization of $48.30 billion, a P/E ratio of 44.92, a P/E/G ratio of 1.59 and a beta of 1.48.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date was Friday, November 8th. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Hedge Funds Weigh In On Howmet Aerospace

Institutional investors and hedge funds have recently bought and sold shares of the stock. RiverPark Advisors LLC bought a new position in Howmet Aerospace during the 3rd quarter valued at $26,000. Hollencrest Capital Management bought a new stake in shares of Howmet Aerospace in the 3rd quarter worth approximately $30,000. Cultivar Capital Inc. acquired a new stake in Howmet Aerospace during the second quarter valued at approximately $26,000. LGT Financial Advisors LLC boosted its holdings in Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after buying an additional 262 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Howmet Aerospace in the second quarter valued at $32,000. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HWM. Robert W. Baird upped their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Truist Financial increased their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays raised their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, UBS Group increased their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One equities 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.41.

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.