MetLife Investment Management LLC Increases Stake in Howmet Aerospace Inc. (NYSE:HWM)

MetLife Investment Management LLC increased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 107,199 shares of the company’s stock after acquiring an additional 2,315 shares during the period. MetLife Investment Management LLC’s holdings in Howmet Aerospace were worth $10,747,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Lone Pine Capital LLC acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at $284,539,000. D. E. Shaw & Co. Inc. boosted its holdings in Howmet Aerospace by 1,168.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company’s stock valued at $90,175,000 after acquiring an additional 1,070,049 shares during the last quarter. Renaissance Technologies LLC grew its position in Howmet Aerospace by 341.7% during the second quarter. Renaissance Technologies LLC now owns 709,400 shares of the company’s stock valued at $55,071,000 after acquiring an additional 548,800 shares during the period. Natixis Advisors LLC increased its stake in 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 acquiring an additional 505,306 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Howmet Aerospace by 695.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock worth $55,941,000 after purchasing an additional 487,880 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Down 0.4 %

HWM stock opened at $116.70 on Friday. The company has a market capitalization of $47.41 billion, a P/E ratio of 44.54, a PEG ratio of 1.56 and a beta of 1.46. The firm has a 50 day simple moving average of $106.31 and a 200-day simple moving average of $93.42. 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 Inc. has a twelve month low of $51.47 and a twelve month high of $119.28.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a $0.08 dividend. 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 payout ratio is currently 12.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. 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 report on Monday, October 21st. Truist Financial increased their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Royal Bank of Canada increased their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, BTIG Research boosted their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. One 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 company. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $115.41.

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.