National Bank of Canada FI Buys 145,675 Shares of Howmet Aerospace Inc. (NYSE:HWM)

National Bank of Canada FI boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 134.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,251 shares of the company’s stock after buying an additional 145,675 shares during the quarter. National Bank of Canada FI owned approximately 0.06% of Howmet Aerospace worth $25,489,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. RiverPark Advisors LLC bought a new stake in shares of Howmet Aerospace during the third quarter valued at approximately $26,000. Hollencrest Capital Management purchased a new position in Howmet Aerospace during the 3rd quarter worth $30,000. Cultivar Capital Inc. bought a new stake in Howmet Aerospace during the 2nd quarter valued at $26,000. LGT Financial Advisors LLC grew its position in shares of Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after buying an additional 262 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of Howmet Aerospace during the second quarter valued at $32,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 3.9 %

Shares of NYSE:HWM opened at $113.76 on Tuesday. The business has a 50-day moving average price of $108.71 and a 200-day moving average price of $95.10. The stock has a market cap of $46.21 billion, a price-to-earnings ratio of 43.42, a PEG ratio of 1.59 and a beta of 1.48. Howmet Aerospace Inc. has a 52-week low of $52.36 and a 52-week high of $120.71. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.21%.

Analysts Set New Price Targets

A number of analysts recently weighed in on HWM shares. Deutsche Bank Aktiengesellschaft upped their price objective 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. Bank of America lifted their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. UBS Group increased their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Barclays boosted their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company lifted their target price on Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. One equities research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $115.41.

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.