Trustmark National Bank Trust Department Buys 2,136 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Trustmark National Bank Trust Department boosted its position in Howmet Aerospace Inc. (NYSE:HWM) by 17.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,227 shares of the company’s stock after acquiring an additional 2,136 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Howmet Aerospace were worth $1,426,000 as of its most recent filing with the Securities & Exchange Commission.

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

Howmet Aerospace Stock Up 1.8 %

Shares of NYSE:HWM opened at $118.10 on Thursday. The stock has a 50 day moving average price of $103.70 and a 200-day moving average price of $91.99. The firm has a market capitalization of $47.98 billion, a P/E ratio of 45.08, a P/E/G ratio of 1.50 and a beta of 1.46. 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 Inc. has a 52-week low of $51.29 and a 52-week high of $118.20.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.21%.

Analyst Ratings Changes

Several analysts have issued reports on HWM shares. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Sanford C. Bernstein raised their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. BTIG Research boosted their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised 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. Finally, UBS Group increased their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.41.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 43.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.12% of the stock is currently owned by company insiders.

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.