6,015 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by DRW Securities LLC

DRW Securities LLC acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,015 shares of the company’s stock, valued at approximately $603,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Caprock Group LLC grew its position in Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after purchasing an additional 106 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Howmet Aerospace by 6.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after buying an additional 124 shares during the period. OneDigital Investment Advisors LLC grew its holdings in shares of Howmet Aerospace by 2.4% during the third quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock worth $527,000 after buying an additional 124 shares during the last quarter. Assetmark Inc. increased its position in Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after acquiring an additional 126 shares during the period. Finally, Huntington National Bank raised its stake in Howmet Aerospace by 11.1% during the 3rd quarter. Huntington National Bank now owns 1,526 shares of the company’s stock valued at $153,000 after acquiring an additional 152 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 1.2 %

HWM stock opened at $117.18 on Wednesday. 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 company’s 50 day simple moving average is $105.49 and its 200-day simple moving average is $93.09. Howmet Aerospace Inc. has a 12 month low of $51.47 and a 12 month high of $119.28. The firm has a market capitalization of $47.61 billion, a PE ratio of 44.73, a P/E/G ratio of 1.59 and a beta of 1.46.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HWM. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Bank of America increased their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $115.41.

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.