Captrust Financial Advisors Buys 4,787 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Captrust Financial Advisors lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 25.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 23,802 shares of the company's stock after acquiring an additional 4,787 shares during the quarter. Captrust Financial Advisors' holdings in Howmet Aerospace were worth $2,386,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Senator Investment Group LP lifted its stake in Howmet Aerospace by 24.8% in the second quarter. Senator Investment Group LP now owns 156,000 shares of the company's stock worth $12,110,000 after purchasing an additional 31,000 shares during the last quarter. Terra Nova Asset Management LLC purchased a new position in shares of Howmet Aerospace in the third quarter worth about $1,264,000. Wealthspire Advisors LLC purchased a new position in shares of Howmet Aerospace in the second quarter worth about $209,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company's stock valued at $206,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in Howmet Aerospace by 135.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company's stock valued at $2,622,000 after acquiring an additional 15,070 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HWM. Susquehanna lifted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a research note on Thursday, November 7th. Truist Financial lifted their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased 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. KeyCorp cut shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Finally, Bank of America increased their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $115.41.

Howmet Aerospace Stock Down 1.5 %

Howmet Aerospace stock traded down $1.76 on Friday, hitting $118.31. 1,912,934 shares of the stock traded hands, compared to its average volume of 2,911,904. Howmet Aerospace Inc. has a 1 year low of $52.26 and a 1 year high of $120.71. The firm has a market cap of $48.06 billion, a P/E ratio of 45.16, a price-to-earnings-growth ratio of 1.60 and a beta of 1.48. 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 business's fifty day simple moving average is $108.33 and its 200 day simple moving average is $94.71.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Howmet Aerospace's dividend payout ratio (DPR) is currently 12.21%.

Howmet Aerospace Company 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.