Howmet Aerospace Inc. (NYSE:HWM) Stock Position Raised by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,266 shares of the company’s stock after purchasing an additional 1,343 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Howmet Aerospace were worth $5,039,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Cultivar Capital Inc. purchased a new stake in shares of Howmet Aerospace in the second quarter worth approximately $26,000. LGT Financial Advisors LLC boosted its stake 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 valued at $28,000 after buying an additional 262 shares during the period. Hollencrest Capital Management purchased a new position in shares of Howmet Aerospace during the 3rd quarter valued at $30,000. Rothschild Investment LLC acquired a new position in shares of Howmet Aerospace in the second quarter worth $32,000. Finally, Versant Capital Management Inc boosted its position in Howmet Aerospace by 1,209.1% during the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after purchasing an additional 399 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

NYSE HWM opened at $118.10 on Thursday. The company’s fifty day moving average is $103.70 and its two-hundred day moving average is $91.99. Howmet Aerospace Inc. has a 52-week low of $51.29 and a 52-week high of $118.20. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market capitalization of $47.98 billion, a price-to-earnings ratio of 45.08, a P/E/G ratio of 1.50 and a beta of 1.46.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s payout ratio is presently 12.21%.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the sale, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The trade was a 43.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

HWM has been the subject of a number of recent research reports. Barclays raised their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Truist Financial raised their price target on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Royal Bank of Canada boosted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, BTIG Research increased their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.