Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM) by 11.7% in the third quarter, HoldingsChannel.com reports. The fund owned 4,871 shares of the company’s stock after purchasing an additional 512 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Howmet Aerospace were worth $488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BIP Wealth LLC purchased a new stake in shares of Howmet Aerospace in the third quarter valued at $208,000. Prospera Financial Services Inc purchased a new stake in shares of Howmet Aerospace in the third quarter valued at $835,000. Caprock Group LLC grew its position in shares of Howmet Aerospace by 1.0% in the third quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after purchasing an additional 106 shares during the period. Pathstone Holdings LLC grew its position in shares of Howmet Aerospace by 4.2% in the third quarter. Pathstone Holdings LLC now owns 48,476 shares of the company’s stock valued at $4,860,000 after purchasing an additional 1,940 shares during the period. Finally, Quest Partners LLC grew its position in shares of Howmet Aerospace by 94.9% in the third quarter. Quest Partners LLC now owns 1,405 shares of the company’s stock valued at $141,000 after purchasing an additional 684 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In other Howmet Aerospace news, 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 transaction of $6,847,550.78. Following the sale, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. This represents a 43.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HWM shares. Bank of America lifted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial boosted their price target on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price target on Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Robert W. Baird boosted their price target 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, Susquehanna boosted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Trading Up 1.8 %

NYSE:HWM opened at $118.10 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a one year low of $51.29 and a one year high of $118.20. The business’s 50-day simple moving average is $103.70 and its 200 day simple moving average is $91.99. The stock has a market cap of $47.98 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

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.