RiverPark Advisors LLC Acquires New Holdings in Howmet Aerospace Inc. (NYSE:HWM)

RiverPark Advisors LLC purchased a new position in Howmet Aerospace Inc. (NYSE:HWM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 255 shares of the company’s stock, valued at approximately $26,000.

A number of other large investors have also bought and sold shares of HWM. Avantax Advisory Services Inc. bought a new position in Howmet Aerospace during the 1st quarter worth $259,000. Bleakley Financial Group LLC boosted its stake in shares of Howmet Aerospace by 3.2% in the 1st quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock valued at $348,000 after purchasing an additional 158 shares during the last quarter. Blair William & Co. IL grew its holdings in Howmet Aerospace by 51.6% during the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock worth $1,744,000 after acquiring an additional 8,676 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Howmet Aerospace by 9.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 33,180 shares of the company’s stock worth $2,271,000 after purchasing an additional 2,802 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its position in shares of Howmet Aerospace by 371.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 18,617 shares of the company’s stock valued at $1,274,000 after acquiring an additional 14,670 shares during the period. 90.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred 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 transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. This trade represents a 43.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was 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 in the company, valued at $14,982,938.30. This trade represents a 49.96 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.

Howmet Aerospace Stock Performance

NYSE HWM opened at $112.01 on Friday. The stock has a market capitalization of $45.51 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 1.50 and a beta of 1.46. The stock has a 50-day moving average of $102.37 and a 200 day moving average of $91.12. 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 $51.22 and a twelve month high of $116.74.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Wall Street Analyst Weigh In

HWM has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their price objective on Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Barclays raised their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Robert W. Baird boosted their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Truist Financial raised 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. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.