Oppenheimer & Co. Inc. Purchases 15,070 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Oppenheimer & Co. Inc. boosted its position in Howmet Aerospace Inc. (NYSE:HWM) by 135.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,159 shares of the company’s stock after acquiring an additional 15,070 shares during the period. Oppenheimer & Co. Inc.’s holdings in Howmet Aerospace were worth $2,622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in shares of Howmet Aerospace during the 3rd quarter valued at $30,000. Cultivar Capital Inc. acquired a new position in Howmet Aerospace during the second quarter valued at approximately $26,000. LGT Financial Advisors LLC boosted its position in shares of 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 purchasing an additional 262 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at $32,000. Finally, Versant Capital Management Inc raised its stake in Howmet Aerospace by 1,209.1% during the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock worth $34,000 after buying an additional 399 shares during the period. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on HWM. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. UBS Group upped their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. BTIG Research upped their price target on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.41.

Insider Activity

In other news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This trade represents a 49.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. This trade represents a 43.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Howmet Aerospace Trading Down 1.1 %

Shares of Howmet Aerospace stock opened at $112.01 on Friday. 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 12-month low of $51.22 and a 12-month high of $116.74. The company has a market capitalization of $45.51 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 1.57 and a beta of 1.46. The firm’s 50-day moving average price is $102.37 and its two-hundred day moving average price is $91.12.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. Howmet Aerospace’s dividend payout ratio is currently 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.