Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by ING Groep NV

ING Groep NV increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 51.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,086 shares of the company’s stock after purchasing an additional 35,206 shares during the period. ING Groep NV’s holdings in Howmet Aerospace were worth $10,435,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in Howmet Aerospace in the third quarter valued at approximately $30,000. Cultivar Capital Inc. acquired a new stake in shares of Howmet Aerospace during the 2nd quarter worth about $26,000. LGT Financial Advisors LLC raised its holdings in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after buying an additional 262 shares during the period. Rothschild Investment LLC acquired a new position in Howmet Aerospace in the second quarter valued at about $32,000. Finally, Versant Capital Management Inc boosted its stake in Howmet Aerospace by 1,209.1% during the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock worth $34,000 after buying an additional 399 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Down 2.2 %

Shares of NYSE:HWM opened at $113.25 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm has a 50 day simple moving average of $101.58 and a 200-day simple moving average of $90.48. The company has a market capitalization of $46.01 billion, a PE ratio of 43.23, a P/E/G ratio of 1.54 and a beta of 1.46. Howmet Aerospace Inc. has a twelve month low of $51.22 and a twelve month high of $116.74.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.28%. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

Insiders Place Their Bets

In other news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The trade was a 49.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $8,985,077.78. This represents a 43.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HWM. Susquehanna upped their price objective 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. BTIG Research raised their price target on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Truist Financial boosted their price objective on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company increased their price target on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.