Millburn Ridgefield Corp Invests $93,000 in Howmet Aerospace Inc. (NYSE:HWM)

Millburn Ridgefield Corp bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 928 shares of the company’s stock, valued at approximately $93,000.

Several other large investors also recently modified their holdings of the stock. Lone Pine Capital LLC acquired a new stake in shares of Howmet Aerospace during the second quarter valued at about $284,539,000. D. E. Shaw & Co. Inc. raised its position in shares of Howmet Aerospace by 1,168.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company’s stock worth $90,175,000 after acquiring an additional 1,070,049 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Howmet Aerospace by 341.7% during the second quarter. Renaissance Technologies LLC now owns 709,400 shares of the company’s stock worth $55,071,000 after acquiring an additional 548,800 shares during the last quarter. Natixis Advisors LLC increased its holdings in Howmet Aerospace by 579.8% in the second quarter. Natixis Advisors LLC now owns 592,463 shares of the company’s stock worth $45,993,000 after purchasing an additional 505,306 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Howmet Aerospace by 695.6% in the third quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock worth $55,941,000 after purchasing an additional 487,880 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Robert W. Baird raised their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note 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. UBS Group boosted 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. Susquehanna boosted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Finally, KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. One investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.41.

Howmet Aerospace Trading Up 0.8 %

Shares of HWM stock opened at $120.12 on Thursday. The stock has a market capitalization of $48.80 billion, a PE ratio of 45.85, a P/E/G ratio of 1.58 and a beta of 1.48. Howmet Aerospace Inc. has a 1-year low of $52.06 and a 1-year high of $120.24. The business has a 50-day moving average of $107.92 and a 200 day moving average of $94.53. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a dividend of $0.08 per share. 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 presently 12.21%.

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.