Trustmark National Bank Trust Department Buys 2,136 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Trustmark National Bank Trust Department lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 17.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,227 shares of the company’s stock after purchasing an additional 2,136 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Howmet Aerospace were worth $1,426,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HWM. Landscape Capital Management L.L.C. bought a new position in Howmet Aerospace in the third quarter worth approximately $791,000. Intech Investment Management LLC lifted its holdings in shares of Howmet Aerospace by 52.0% in the 3rd quarter. Intech Investment Management LLC now owns 124,382 shares of the company’s stock worth $12,469,000 after purchasing an additional 42,568 shares in the last quarter. First Horizon Advisors Inc. grew its position in Howmet Aerospace by 11.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,266 shares of the company’s stock valued at $327,000 after purchasing an additional 344 shares during the period. Grant Street Asset Management Inc. acquired a new stake in Howmet Aerospace in the 3rd quarter valued at $205,000. Finally, PNC Financial Services Group Inc. increased its stake in Howmet Aerospace by 26.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 61,894 shares of the company’s stock valued at $6,205,000 after purchasing an additional 13,022 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s 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 transaction, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This trade represents a 43.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.12% of the stock is owned by insiders.

Howmet Aerospace Trading Up 1.8 %

Shares of HWM stock opened at $118.10 on Thursday. The company has a 50 day moving average of $103.70 and a 200-day moving average of $91.99. Howmet Aerospace Inc. has a 12-month low of $51.29 and a 12-month high of $118.20. The firm has a market cap of $47.98 billion, a P/E ratio of 45.08, a PEG ratio of 1.50 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HWM shares. Royal Bank of Canada raised their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. BTIG Research increased their price target on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Robert W. Baird lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.41.

About Howmet Aerospace

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.