Transamerica Financial Advisors Inc. Buys Shares of 59,233 Howmet Aerospace Inc. (NYSE:HWM)

Transamerica Financial Advisors Inc. purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 59,233 shares of the company’s stock, valued at approximately $5,939,000.

Several other hedge funds have also made changes to their positions in the business. Lone Pine Capital LLC acquired a new position in Howmet Aerospace during the 2nd quarter worth $284,539,000. D. E. Shaw & Co. Inc. grew 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 buying an additional 1,070,049 shares in the last quarter. Renaissance Technologies LLC increased its stake 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 buying an additional 548,800 shares during the period. Natixis Advisors LLC increased its stake in shares of Howmet Aerospace by 579.8% during the second quarter. Natixis Advisors LLC now owns 592,463 shares of the company’s stock worth $45,993,000 after buying an additional 505,306 shares during the period. Finally, Assenagon Asset Management S.A. raised 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 valued at $55,941,000 after acquiring an additional 487,880 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. UBS Group raised their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price objective on Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Sanford C. Bernstein boosted their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $115.41.

Howmet Aerospace Stock Performance

Shares of NYSE HWM traded up $0.64 during midday trading on Tuesday, reaching $116.48. 314,316 shares of the company were exchanged, compared to its average volume of 2,928,063. The stock has a market cap of $47.32 billion, a P/E ratio of 44.21, a PEG ratio of 1.59 and a beta of 1.46. Howmet Aerospace Inc. has a 1 year low of $51.47 and a 1 year high of $119.28. The stock has a fifty day simple moving average of $105.03 and a 200 day simple moving average of $92.83. 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 business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 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.