National Wealth Management Group LLC Grows Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

National Wealth Management Group LLC boosted its stake in Howmet Aerospace Inc. (NYSE:HWM) by 57.2% in the third quarter, Holdings Channel reports. The fund owned 13,055 shares of the company’s stock after buying an additional 4,748 shares during the quarter. Howmet Aerospace makes up about 0.9% of National Wealth Management Group LLC’s holdings, making the stock its 28th biggest holding. National Wealth Management Group LLC’s holdings in Howmet Aerospace were worth $1,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HWM. Tidal Investments LLC boosted its holdings in Howmet Aerospace by 10.1% in the 1st quarter. Tidal Investments LLC now owns 8,114 shares of the company’s stock worth $555,000 after acquiring an additional 744 shares during the period. Cetera Investment Advisers boosted its holdings in Howmet Aerospace by 182.1% in the 1st quarter. Cetera Investment Advisers now owns 42,893 shares of the company’s stock worth $2,935,000 after acquiring an additional 27,686 shares during the period. Cetera Advisors LLC boosted its holdings in Howmet Aerospace by 164.9% in the 1st quarter. Cetera Advisors LLC now owns 13,859 shares of the company’s stock worth $948,000 after acquiring an additional 8,628 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Howmet Aerospace by 67.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 80,414 shares of the company’s stock worth $5,431,000 after acquiring an additional 32,431 shares during the period. Finally, Railway Pension Investments Ltd purchased a new position in Howmet Aerospace in the 1st quarter worth approximately $2,833,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of HWM opened at $116.69 on Thursday. Howmet Aerospace Inc. has a 12-month low of $51.47 and a 12-month high of $119.28. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The business’s fifty day moving average price is $105.93 and its 200 day moving average price is $93.25. The stock has a market capitalization of $47.41 billion, a PE ratio of 44.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of analyst reports. Sanford C. Bernstein upped their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Wells Fargo & Company increased their target price on Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Truist Financial increased their target price on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. BTIG Research increased their target price on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Bank of America increased their target price on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $115.41.

Howmet Aerospace 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.