Los Angeles Capital Management LLC Has $138.16 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Los Angeles Capital Management LLC lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 12.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,378,141 shares of the company’s stock after acquiring an additional 150,387 shares during the period. Los Angeles Capital Management LLC owned approximately 0.34% of Howmet Aerospace worth $138,159,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of HWM. Cultivar Capital Inc. acquired a new position in shares of Howmet Aerospace in the second quarter valued at about $26,000. LGT Financial Advisors LLC grew its stake in shares of Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares in the last quarter. Hollencrest Capital Management bought a new stake in Howmet Aerospace during the third quarter worth about $30,000. Rothschild Investment LLC bought a new stake in Howmet Aerospace during the second quarter worth about $32,000. Finally, Versant Capital Management Inc lifted its position in Howmet Aerospace by 1,209.1% during the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock worth $34,000 after purchasing an additional 399 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 2.3 %

Shares of HWM traded up $2.51 during trading hours on Friday, reaching $113.65. The stock had a trading volume of 2,012,930 shares, compared to its average volume of 2,317,974. Howmet Aerospace Inc. has a 12 month low of $48.39 and a 12 month high of $115.38. The firm has a 50-day simple moving average of $100.38 and a 200 day simple moving average of $89.44. The company has a current ratio of 2.24, a quick ratio of 0.74 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $46.39 billion, a price-to-earnings ratio of 43.38, a P/E/G ratio of 1.63 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The company also recently announced 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Insider Buying and Selling

In related news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the transaction, the chief financial officer now owns 155,135 shares in the company, valued at approximately $14,982,938.30. This trade represents 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 owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HWM. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Truist Financial increased their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday. Susquehanna increased their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday. Barclays increased their target price on shares of Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, UBS Group increased their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.75.

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.