Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by Quest Partners LLC

Quest Partners LLC raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 94.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,405 shares of the company’s stock after purchasing an additional 684 shares during the period. Quest Partners LLC’s holdings in Howmet Aerospace were worth $141,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HWM. Claro Advisors LLC purchased a new position in Howmet Aerospace during the 3rd quarter valued at about $363,000. RiverPark Advisors LLC purchased a new position in shares of Howmet Aerospace during the 3rd quarter worth approximately $26,000. Mutual of America Capital Management LLC raised its position in shares of Howmet Aerospace by 2.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 50,266 shares of the company’s stock worth $5,039,000 after purchasing an additional 1,343 shares during the last quarter. Natixis Advisors LLC lifted its stake in Howmet Aerospace by 23.3% in the 3rd quarter. Natixis Advisors LLC now owns 730,239 shares of the company’s stock valued at $73,206,000 after buying an additional 137,776 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in Howmet Aerospace by 112.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 63,454 shares of the company’s stock valued at $6,361,000 after buying an additional 33,555 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $116.70 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The firm 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 fifty day moving average of $106.31 and a 200-day moving average of $93.42. Howmet Aerospace Inc. has a 52-week low of $51.47 and a 52-week high of $119.28.

Howmet Aerospace Announces Dividend

The business also recently disclosed 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 (DPR) is presently 12.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Sanford C. Bernstein raised their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Barclays boosted their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, Bank of America boosted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus 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.