Brooklyn Investment Group Buys Shares of 1,581 Howmet Aerospace Inc. (NYSE:HWM)

Brooklyn Investment Group bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,581 shares of the company’s stock, valued at approximately $158,000.

Other hedge funds have also recently made changes to their positions in the company. Cultivar Capital Inc. bought a new stake in shares of Howmet Aerospace during the 2nd quarter valued at $26,000. RiverPark Advisors LLC bought a new stake in shares of Howmet Aerospace during the 3rd quarter valued at $26,000. LGT Financial Advisors LLC raised its stake in shares of Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the period. Hollencrest Capital Management bought a new stake in shares of Howmet Aerospace during the 3rd quarter valued at $30,000. Finally, Rothschild Investment LLC purchased a new position in Howmet Aerospace during the second quarter worth about $32,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

NYSE:HWM opened at $116.69 on Thursday. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The business’s 50-day simple moving average is $105.93 and its two-hundred day simple moving average is $93.25. The stock has a market cap of $47.41 billion, a PE ratio of 44.54, a P/E/G ratio of 1.56 and a beta of 1.46. Howmet Aerospace Inc. has a 52 week low of $51.47 and a 52 week high of $119.28.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a $0.08 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Analysts Set New Price Targets

Several research firms recently commented on HWM. Deutsche Bank Aktiengesellschaft boosted their target price on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Barclays upped their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Susquehanna boosted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. BTIG Research boosted their target price on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Sanford C. Bernstein upped their price target on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace 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.