Curi RMB Capital LLC Acquires Shares of 2,132 Howmet Aerospace Inc. (NYSE:HWM)

Curi RMB Capital LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,132 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Lone Pine Capital LLC bought a new position in Howmet Aerospace during the 2nd quarter worth $284,539,000. Price T Rowe Associates Inc. MD increased its position in shares of Howmet Aerospace by 28.8% in 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 purchasing an additional 3,158,186 shares during the period. Capital Research Global Investors acquired a new position in Howmet Aerospace in the first quarter valued at about $148,996,000. D. E. Shaw & Co. Inc. lifted its position in Howmet Aerospace by 1,168.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company’s stock worth $90,175,000 after purchasing an additional 1,070,049 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Howmet Aerospace by 341.7% during the second quarter. Renaissance Technologies LLC now owns 709,400 shares of the company’s stock worth $55,071,000 after buying an additional 548,800 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Down 1.1 %

Shares of NYSE HWM opened at $112.01 on Friday. The firm has a 50 day moving average price of $102.37 and a two-hundred day moving average price of $91.12. The stock has a market cap of $45.51 billion, a P/E ratio of 42.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.46. Howmet Aerospace Inc. has a 52-week low of $51.22 and a 52-week high of $116.74. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. Howmet Aerospace’s payout ratio is 12.21%.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This represents a 43.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This represents a 49.96 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America boosted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Susquehanna lifted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Finally, Truist Financial raised their price objective on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus 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.