Principal Financial Group Inc. Purchases 35,601 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Principal Financial Group Inc. boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 484,345 shares of the company’s stock after acquiring an additional 35,601 shares during the period. Principal Financial Group Inc. owned approximately 0.12% of Howmet Aerospace worth $48,556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace during the third quarter worth about $26,000. LGT Financial Advisors LLC increased its stake in Howmet Aerospace by 278.7% during the 2nd 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. Hollencrest Capital Management acquired a new stake in Howmet Aerospace during the 3rd quarter worth approximately $30,000. Rothschild Investment LLC bought a new position in Howmet Aerospace in the second quarter valued at approximately $32,000. Finally, AlphaCentric Advisors LLC acquired a new position in shares of Howmet Aerospace in the second quarter valued at approximately $36,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Trading Up 1.4 %

Shares of NYSE:HWM opened at $110.83 on Monday. Howmet Aerospace Inc. has a 52-week low of $52.56 and a 52-week high of $120.71. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The company has a market capitalization of $45.03 billion, a P/E ratio of 42.30, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48. The company has a 50-day simple moving average of $110.79 and a 200 day simple moving average of $97.00.

Howmet Aerospace Announces Dividend

The firm 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. The ex-dividend date was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. Howmet Aerospace’s payout ratio is 12.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America raised their price objective 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. Royal Bank of Canada lifted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Susquehanna upped their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Barclays upped their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.59.

About Howmet Aerospace

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.