Vinva Investment Management Ltd Buys 30,285 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Vinva Investment Management Ltd increased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 186.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,525 shares of the company’s stock after buying an additional 30,285 shares during the quarter. Vinva Investment Management Ltd’s holdings in Howmet Aerospace were worth $4,616,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Tidal Investments LLC increased its stake in Howmet Aerospace by 10.1% in the first quarter. Tidal Investments LLC now owns 8,114 shares of the company’s stock worth $555,000 after purchasing an additional 744 shares during the period. Cetera Investment Advisers increased its stake in Howmet Aerospace by 182.1% in the first quarter. Cetera Investment Advisers now owns 42,893 shares of the company’s stock worth $2,935,000 after purchasing an additional 27,686 shares during the period. Cetera Advisors LLC increased its stake in Howmet Aerospace by 164.9% in the first quarter. Cetera Advisors LLC now owns 13,859 shares of the company’s stock worth $948,000 after purchasing an additional 8,628 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Howmet Aerospace by 67.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 80,414 shares of the company’s stock worth $5,431,000 after purchasing an additional 32,431 shares during the period. Finally, Railway Pension Investments Ltd purchased a new stake in Howmet Aerospace in the first quarter worth $2,833,000. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Bank of America increased their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein increased 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. Deutsche Bank Aktiengesellschaft raised their price target on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Barclays raised their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada raised 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Price Performance

Shares of HWM stock opened at $116.70 on Friday. Howmet Aerospace Inc. has a 1-year low of $51.47 and a 1-year high of $119.28. The stock’s 50-day moving average is $106.31 and its 200 day moving average is $93.42. The company has a market cap of $47.41 billion, a P/E ratio of 44.54, a PEG ratio of 1.56 and a beta of 1.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Friday, November 8th. Howmet Aerospace’s payout ratio is currently 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.