Chevy Chase Trust Holdings LLC Purchases 7,125 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Chevy Chase Trust Holdings LLC grew its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,852 shares of the company's stock after buying an additional 7,125 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Howmet Aerospace worth $21,940,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HWM. Cultivar Capital Inc. purchased a new position in shares of Howmet Aerospace during the second quarter worth $26,000. RiverPark Advisors LLC purchased a new position in Howmet Aerospace in the third quarter valued at $26,000. LGT Financial Advisors LLC increased its holdings in 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 buying an additional 262 shares in the last quarter. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace in the third quarter valued at about $30,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at about $32,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Trading Up 0.8 %

HWM stock traded up $1.01 during mid-day trading on Wednesday, reaching $120.12. 2,313,264 shares of the stock traded hands, compared to its average volume of 2,917,964. 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 Inc. has a 52-week low of $52.06 and a 52-week high of $120.24. The company has a market cap of $48.80 billion, a P/E ratio of 45.85, a P/E/G ratio of 1.58 and a beta of 1.48. The stock's fifty day moving average is $107.92 and its 200-day moving average is $94.53.

Howmet Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Sanford C. Bernstein boosted their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Robert W. Baird boosted their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Susquehanna boosted their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a report on Thursday, November 7th. Finally, Bank of America boosted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $115.41.

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.