Neo Ivy Capital Management Buys Shares of 24,140 Howmet Aerospace Inc. (NYSE:HWM)

Neo Ivy Capital Management acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 24,140 shares of the company's stock, valued at approximately $2,420,000. Howmet Aerospace accounts for 0.8% of Neo Ivy Capital Management's holdings, making the stock its 21st biggest holding.

Other large investors have also recently made changes to their positions in the company. Cultivar Capital Inc. purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $26,000. RiverPark Advisors LLC acquired a new stake in Howmet Aerospace during the third quarter worth approximately $26,000. LGT Financial Advisors LLC lifted its position 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 worth $28,000 after buying an additional 262 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of Howmet Aerospace in the 3rd quarter valued at $30,000. Finally, Rothschild Investment LLC purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at $32,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HWM. Bank of America upped their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Barclays raised their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Wells Fargo & Company boosted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday. Truist Financial raised their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.59.

Howmet Aerospace Price Performance

Shares of NYSE:HWM traded up $1.89 during trading on Wednesday, hitting $115.97. 937,350 shares of the stock were exchanged, compared to its average volume of 2,900,166. Howmet Aerospace Inc. has a 12-month low of $52.36 and a 12-month high of $120.71. The company has a market cap of $47.11 billion, a PE ratio of 43.96, a P/E/G ratio of 1.59 and a beta of 1.48. The company has a fifty day moving average price of $109.25 and a two-hundred day moving average price of $95.53. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. Howmet Aerospace's dividend payout ratio (DPR) is 12.21%.

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.