Cynosure Group LLC Buys Shares of 4,078 Howmet Aerospace Inc. (NYSE:HWM)

Cynosure Group LLC purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,078 shares of the company’s stock, valued at approximately $409,000.

Several other large investors have also bought and sold shares of HWM. Lone Pine Capital LLC bought a new stake in shares of Howmet Aerospace during the 2nd quarter valued at approximately $284,539,000. TD Asset Management Inc increased its stake in shares of Howmet Aerospace by 16.9% in the second quarter. TD Asset Management Inc now owns 3,152,629 shares of the company’s stock valued at $244,739,000 after buying an additional 455,180 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Howmet Aerospace by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after buying an additional 114,457 shares during the period. Dimensional Fund Advisors LP grew its holdings in Howmet Aerospace by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company’s stock worth $163,218,000 after acquiring an additional 56,614 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in Howmet Aerospace by 12.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock valued at $138,159,000 after acquiring an additional 150,387 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on HWM. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their price objective on Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Sanford C. Bernstein upped their price objective 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. Finally, Robert W. Baird upped their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Stock Down 0.4 %

Shares of NYSE:HWM opened at $116.69 on Thursday. The stock has a market cap of $47.41 billion, a price-to-earnings ratio of 44.54, a PEG ratio of 1.56 and a beta of 1.46. The business’s 50 day moving average is $105.93 and its 200 day moving average is $93.25. Howmet Aerospace Inc. has a 12-month low of $51.47 and a 12-month high of $119.28. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a $0.08 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Howmet Aerospace’s payout ratio is 12.21%.

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.