Metis Global Partners LLC Has $1.61 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Metis Global Partners LLC increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 31.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,095 shares of the company’s stock after purchasing an additional 3,857 shares during the quarter. Metis Global Partners LLC’s holdings in Howmet Aerospace were worth $1,614,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its position in shares of Howmet Aerospace by 28.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock valued at $966,959,000 after acquiring an additional 3,158,186 shares during the period. Lone Pine Capital LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $284,539,000. TD Asset Management Inc grew its position in Howmet Aerospace by 16.9% during the second quarter. TD Asset Management Inc now owns 3,152,629 shares of the company’s stock worth $244,739,000 after buying an additional 455,180 shares in the last quarter. Capital Research Global Investors bought a new stake in shares of Howmet Aerospace during the 1st quarter valued at $148,996,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Howmet Aerospace by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company’s stock worth $163,218,000 after purchasing an additional 56,614 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of HWM opened at $112.01 on Friday. The company has a market capitalization of $45.51 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 1.57 and a beta of 1.46. Howmet Aerospace Inc. has a 1 year low of $51.22 and a 1 year high of $116.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The business has a 50-day moving average of $102.37 and a 200-day moving average of $91.12.

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. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.29%. Howmet Aerospace’s payout ratio is 12.21%.

Insider Activity

In other news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 155,135 shares in the company, valued at approximately $14,982,938.30. This represents a 49.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the 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 completion of the transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. The trade was a 43.25 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HWM shares. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Susquehanna upped their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. BTIG Research lifted their target price on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Barclays increased their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Robert W. Baird lifted their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.