Independent Advisor Alliance Acquires New Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Independent Advisor Alliance purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 23,366 shares of the company’s stock, valued at approximately $2,342,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its holdings in shares of Howmet Aerospace by 14.3% in the third quarter. Daiwa Securities Group Inc. now owns 48,260 shares of the company’s stock valued at $4,838,000 after buying an additional 6,034 shares during the period. Summit Trail Advisors LLC boosted its holdings in shares of Howmet Aerospace by 25.0% in the third quarter. Summit Trail Advisors LLC now owns 3,700 shares of the company’s stock valued at $371,000 after buying an additional 739 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Howmet Aerospace by 99.2% in the third quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock valued at $52,000 after buying an additional 259 shares during the period. WESPAC Advisors LLC acquired a new position in shares of Howmet Aerospace in the third quarter valued at approximately $907,000. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Howmet Aerospace in the third quarter valued at approximately $497,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HWM shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. 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 report on Thursday, November 7th. Sanford C. Bernstein increased their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, Robert W. Baird increased their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.41.

Howmet Aerospace Stock Performance

NYSE HWM opened at $115.84 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average price is $105.03 and its two-hundred day moving average price is $92.83. Howmet Aerospace Inc. has a 1 year low of $51.47 and a 1 year high of $119.28. The firm has a market capitalization of $47.06 billion, a P/E ratio of 44.21, a price-to-earnings-growth ratio of 1.59 and a beta of 1.46.

Howmet Aerospace Dividend Announcement

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

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.