Chase Investment Counsel Corp Has $5.20 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Chase Investment Counsel Corp increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,844 shares of the company’s stock after purchasing an additional 1,030 shares during the period. Howmet Aerospace makes up about 1.7% of Chase Investment Counsel Corp’s holdings, making the stock its 25th biggest position. Chase Investment Counsel Corp’s holdings in Howmet Aerospace were worth $5,197,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HWM. Hollencrest Capital Management bought a new position in shares of Howmet Aerospace during the 3rd quarter worth approximately $30,000. Cultivar Capital Inc. bought a new stake in Howmet Aerospace in the 2nd quarter valued at about $26,000. LGT Financial Advisors LLC raised its stake in Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after buying an additional 262 shares during the period. Rothschild Investment LLC bought a new position in Howmet Aerospace in the second quarter worth approximately $32,000. Finally, Versant Capital Management Inc grew its stake in Howmet Aerospace by 1,209.1% in the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after acquiring an additional 399 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $113.56 on Wednesday. The firm’s fifty day simple moving average is $101.15 and its 200 day simple moving average is $90.30. The stock has a market cap of $46.13 billion, a P/E ratio of 43.34, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a twelve month low of $49.36 and a twelve month high of $115.98.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. Howmet Aerospace’s payout ratio is currently 12.21%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HWM. BTIG Research increased their target price on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Robert W. Baird raised their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday. Barclays raised their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Susquehanna increased their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.19.

Insider Activity at Howmet Aerospace

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

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.