BIP Wealth LLC Makes New $208,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

BIP Wealth LLC acquired a new position in Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,074 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. Prospera Financial Services Inc acquired a new stake in Howmet Aerospace in the 3rd quarter valued at about $835,000. Caprock Group LLC raised its position in shares of Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after acquiring an additional 106 shares during the last quarter. Pathstone Holdings LLC lifted its stake in shares of Howmet Aerospace by 4.2% in the 3rd quarter. Pathstone Holdings LLC now owns 48,476 shares of the company’s stock valued at $4,860,000 after purchasing an additional 1,940 shares during the period. Quest Partners LLC boosted its holdings in Howmet Aerospace by 94.9% during the third quarter. Quest Partners LLC now owns 1,405 shares of the company’s stock worth $141,000 after buying an additional 684 shares during the last quarter. Finally, Claro Advisors LLC bought a new position in Howmet Aerospace during the third quarter worth about $363,000. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HWM shares. Royal Bank of Canada lifted their target price on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Sanford C. Bernstein lifted their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Truist Financial upped their target price on Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Bank of America raised their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $115.41.

Insiders Place Their Bets

In other news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 49.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares in the company, 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.

Howmet Aerospace Stock Up 2.5 %

HWM stock opened at $115.99 on Wednesday. The business’s 50-day moving average is $103.22 and its two-hundred day moving average is $91.80. The company has a market cap of $47.12 billion, a price-to-earnings ratio of 44.27, a P/E/G ratio of 1.50 and a beta of 1.46. Howmet Aerospace Inc. has a fifty-two week low of $51.22 and a fifty-two week high of $116.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

Howmet Aerospace Dividend Announcement

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