True Wealth Design LLC Grows Stake in Howmet Aerospace Inc. (NYSE:HWM)

True Wealth Design LLC raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4,836.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 938 shares of the company’s stock after purchasing an additional 919 shares during the period. True Wealth Design LLC’s holdings in Howmet Aerospace were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Senator Investment Group LP raised its holdings in shares of Howmet Aerospace by 24.8% in the second quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after acquiring an additional 31,000 shares in the last quarter. Terra Nova Asset Management LLC purchased a new position in Howmet Aerospace during the 3rd quarter valued at about $1,264,000. Wealthspire Advisors LLC bought a new stake in shares of Howmet Aerospace in the 2nd quarter valued at about $209,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Howmet Aerospace by 135.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock worth $2,622,000 after purchasing an additional 15,070 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 1.4 %

NYSE:HWM opened at $118.38 on Friday. The company has a market capitalization of $48.09 billion, a P/E ratio of 45.18, a PEG ratio of 1.57 and a beta of 1.46. 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 12 month low of $51.79 and a 12 month high of $119.28. The firm has a fifty day simple moving average of $106.73 and a 200-day simple moving average of $93.77.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HWM. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. UBS Group boosted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their price objective on Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Barclays lifted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Truist Financial increased their price target on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.41.

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.