Mizuho Securities USA LLC Buys 33,555 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Mizuho Securities USA LLC lifted its position in Howmet Aerospace Inc. (NYSE:HWM) by 112.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,454 shares of the company’s stock after acquiring an additional 33,555 shares during the period. Mizuho Securities USA LLC’s holdings in Howmet Aerospace were worth $6,361,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Senator Investment Group LP raised its holdings in Howmet Aerospace by 24.8% in the second quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock worth $12,110,000 after purchasing an additional 31,000 shares during the period. Terra Nova Asset Management LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at $1,264,000. Wealthspire Advisors LLC acquired a new stake in Howmet Aerospace during the 2nd quarter worth $209,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Howmet Aerospace by 1,258.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in Howmet Aerospace by 51.6% during the first quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock worth $1,744,000 after acquiring an additional 8,676 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were 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 owns 92,687 shares in the company, valued at approximately $8,985,077.78. This represents a 43.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. This represents a 49.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by company insiders.

Howmet Aerospace Price Performance

NYSE:HWM opened at $112.01 on Friday. The stock has a market capitalization of $45.51 billion, a PE ratio of 42.75, a P/E/G ratio of 1.57 and a beta of 1.46. Howmet Aerospace Inc. has a 1-year low of $51.22 and a 1-year high of $116.74. The firm has a fifty day simple moving average of $102.37 and a 200 day simple moving average of $91.12. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued 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 dividend yield of 0.29%. Howmet Aerospace’s payout ratio is 12.21%.

Analysts Set New Price Targets

A number of research firms have recently commented on HWM. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Susquehanna raised their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Sanford C. Bernstein upped their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Truist Financial increased their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.