Intech Investment Management LLC Boosts Position in Howmet Aerospace Inc. (NYSE:HWM)

Intech Investment Management LLC lifted its position in Howmet Aerospace Inc. (NYSE:HWM) by 52.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,382 shares of the company’s stock after buying an additional 42,568 shares during the quarter. Intech Investment Management LLC’s holdings in Howmet Aerospace were worth $12,469,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Lone Pine Capital LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at $284,539,000. Price T Rowe Associates Inc. MD grew its position in Howmet Aerospace by 28.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after buying an additional 3,158,186 shares in the last quarter. Capital Research Global Investors bought a new position in Howmet Aerospace in the 1st quarter worth about $148,996,000. D. E. Shaw & Co. Inc. increased its stake in Howmet Aerospace by 1,168.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company’s stock worth $90,175,000 after acquiring an additional 1,070,049 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Howmet Aerospace by 341.7% in the 2nd quarter. Renaissance Technologies LLC now owns 709,400 shares of the company’s stock valued at $55,071,000 after acquiring an additional 548,800 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HWM has been the subject of several recent analyst reports. Sanford C. Bernstein boosted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Robert W. Baird increased their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. One 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $117.27 on Friday. 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 fifty-two week low of $51.47 and a fifty-two week high of $119.28. The business has a 50 day moving average price of $104.16 and a 200-day moving average price of $92.16. The firm has a market cap of $47.64 billion, a PE ratio of 44.76, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46.

Howmet Aerospace Dividend Announcement

The company also recently declared 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 of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.21%.

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.