Intech Investment Management LLC Has $12.47 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Intech Investment Management LLC boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 52.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,382 shares of the company’s stock after acquiring an additional 42,568 shares during the quarter. Intech Investment Management LLC’s holdings in Howmet Aerospace were worth $12,469,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RiverPark Advisors LLC acquired a new stake in Howmet Aerospace in the third quarter valued at $26,000. Hollencrest Capital Management bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at about $30,000. Cultivar Capital Inc. acquired a new stake in shares of Howmet Aerospace in the second quarter valued at about $26,000. LGT Financial Advisors LLC raised its position in shares of Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Howmet Aerospace during the second quarter worth about $32,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

NYSE HWM opened at $117.27 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $104.16 and a 200 day simple moving average of $92.16. Howmet Aerospace Inc. has a 12-month low of $51.47 and a 12-month high of $119.28. The company has a market cap of $47.64 billion, a P/E ratio of 44.76, a PEG ratio of 1.56 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be given 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%.

Analysts Set New Price Targets

HWM has been the subject of a number of recent analyst reports. Robert W. Baird increased their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Susquehanna lifted their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Barclays upped 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, November 11th. Finally, UBS Group lifted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.