Dorsey Wright & Associates Invests $2.07 Million in Howmet Aerospace Inc. (NYSE:HWM)

Dorsey Wright & Associates purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 20,682 shares of the company's stock, valued at approximately $2,073,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HWM. Lone Pine Capital LLC bought a new position in Howmet Aerospace during the second quarter worth about $284,539,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of Howmet Aerospace by 1,168.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company's stock worth $90,175,000 after acquiring an additional 1,070,049 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Howmet Aerospace by 341.7% during the second quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock worth $55,071,000 after acquiring an additional 548,800 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Howmet Aerospace by 579.8% during the second quarter. Natixis Advisors LLC now owns 592,463 shares of the company's stock worth $45,993,000 after acquiring an additional 505,306 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Howmet Aerospace by 695.6% during the third quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company's stock worth $55,941,000 after acquiring an additional 487,880 shares during the period. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

HWM has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their price objective on Howmet Aerospace from $113.00 to $129.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Royal Bank of Canada boosted their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Sanford C. Bernstein lifted their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Finally, Susquehanna lifted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.41.

Howmet Aerospace Price Performance

HWM traded down $1.76 during trading on Friday, hitting $118.31. 1,913,041 shares of the stock traded hands, compared to its average volume of 2,334,170. Howmet Aerospace Inc. has a twelve month low of $52.26 and a twelve month high of $120.71. The company has a market cap of $48.06 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 1.61 and a beta of 1.48. 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 price of $108.71 and a 200 day moving average price of $95.10.

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 issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Howmet Aerospace's dividend payout ratio (DPR) is presently 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.