Entropy Technologies LP Takes $1.55 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Entropy Technologies LP bought a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,410 shares of the company's stock, valued at approximately $1,545,000.

Several other institutional investors also recently modified their holdings of the business. Apollon Wealth Management LLC increased its stake in shares of Howmet Aerospace by 25.0% during the third quarter. Apollon Wealth Management LLC now owns 6,447 shares of the company's stock valued at $646,000 after purchasing an additional 1,289 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Howmet Aerospace by 34.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,262 shares of the company's stock valued at $127,000 after purchasing an additional 324 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in Howmet Aerospace by 12.2% in the third quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company's stock worth $138,159,000 after buying an additional 150,387 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Howmet Aerospace by 0.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 142,116 shares of the company's stock worth $14,247,000 after buying an additional 1,184 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in shares of Howmet Aerospace by 2.7% during the third quarter. Atria Investments Inc now owns 26,021 shares of the company's stock valued at $2,609,000 after buying an additional 673 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 2.0 %

Shares of NYSE HWM traded up $2.29 during mid-day trading on Wednesday, reaching $115.87. The company had a trading volume of 1,096,449 shares, compared to its average volume of 2,934,410. Howmet Aerospace Inc. has a 52 week low of $50.57 and a 52 week high of $116.59. The business's 50-day moving average is $101.15 and its 200-day moving average is $90.30. The stock has a market cap of $47.07 billion, a price-to-earnings ratio of 44.41, a price-to-earnings-growth ratio of 1.54 and a beta of 1.46. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.28%. Howmet Aerospace's dividend payout ratio (DPR) is currently 12.21%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HWM shares. Truist Financial boosted their price target on Howmet Aerospace from $123.00 to $128.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $113.00 to $129.00 and gave the company an "overweight" rating in a research report on Tuesday. Barclays boosted their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. Finally, BTIG Research increased their price objective on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $115.41.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Neil Edward Marchuk sold 70,637 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction that occurred on 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by company insiders.

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.