Capital Performance Advisors LLP Makes New $391,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

Capital Performance Advisors LLP bought a new position in Howmet Aerospace Inc. (NYSE:HWM) during the third quarter, Holdings Channel reports. The institutional investor bought 3,901 shares of the company’s stock, valued at approximately $391,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HWM. JPMorgan Chase & Co. raised its position in shares of Howmet Aerospace by 18.7% during the 1st quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock worth $1,223,358,000 after buying an additional 2,813,911 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 acquiring an additional 3,158,186 shares in the last quarter. Lone Pine Capital LLC purchased a new stake in shares of Howmet Aerospace during the 2nd quarter worth about $284,539,000. TD Asset Management Inc lifted its stake in Howmet Aerospace by 16.9% in the second quarter. TD Asset Management Inc now owns 3,152,629 shares of the company’s stock valued at $244,739,000 after acquiring an additional 455,180 shares during the last quarter. Finally, Capital Research Global Investors acquired a new stake in shares of Howmet Aerospace in the first quarter worth about $148,996,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Up 0.8 %

Shares of HWM traded up $0.88 during midday trading on Friday, hitting $112.10. The stock had a trading volume of 356,064 shares, compared to its average volume of 2,945,185. The firm has a market cap of $45.75 billion, a price-to-earnings ratio of 49.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46. The company has a 50 day simple moving average of $99.75 and a two-hundred day simple moving average of $88.76. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.74. Howmet Aerospace Inc. has a twelve month low of $48.39 and a twelve month high of $115.38.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.29%. Howmet Aerospace’s payout ratio is currently 14.16%.

Analyst Ratings Changes

HWM has been the subject of several analyst reports. UBS Group boosted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada upped their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday. Susquehanna raised their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday. Benchmark upped their price objective on shares of Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. upped their price target 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $109.75.

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.