iA Global Asset Management Inc. Acquires 5,298 Shares of Howmet Aerospace Inc. (NYSE:HWM)

iA Global Asset Management Inc. boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 29.7% in the third quarter, Holdings Channel reports. The firm owned 23,144 shares of the company’s stock after purchasing an additional 5,298 shares during the quarter. iA Global Asset Management Inc.’s holdings in Howmet Aerospace were worth $2,320,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC bought a new position in shares of Howmet Aerospace during the third quarter valued at $248,000. Insigneo Advisory Services LLC bought a new position in Howmet Aerospace during the 3rd quarter valued at about $217,000. Kovitz Investment Group Partners LLC lifted its holdings in Howmet Aerospace by 28.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 22,728 shares of the company’s stock valued at $2,278,000 after purchasing an additional 5,054 shares during the last quarter. Wellington Management Group LLP acquired a new position in Howmet Aerospace in the third quarter valued at about $292,000. Finally, Worldquant Millennium Advisors LLC grew its stake in Howmet Aerospace by 10.4% during the third quarter. Worldquant Millennium Advisors LLC now owns 711,469 shares of the company’s stock worth $71,325,000 after buying an additional 66,822 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Down 1.5 %

Howmet Aerospace stock opened at $118.31 on Monday. The company has a 50 day moving average of $108.71 and a 200-day moving average of $95.10. 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 Inc. has a twelve month low of $52.26 and a twelve month high of $120.71. The stock has a market capitalization of $48.06 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 1.61 and a beta of 1.48.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid 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 payout ratio is 12.21%.

Wall Street Analyst Weigh In

HWM has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Truist Financial lifted their price objective on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. UBS Group increased their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Bank of America lifted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company increased their price objective 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average 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.