Geode Capital Management LLC Buys 453,275 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Geode Capital Management LLC raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 5.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,502,223 shares of the company's stock after buying an additional 453,275 shares during the quarter. Geode Capital Management LLC owned about 2.34% of Howmet Aerospace worth $949,382,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. M&T Bank Corp grew its position in shares of Howmet Aerospace by 16.4% during the third quarter. M&T Bank Corp now owns 31,695 shares of the company's stock worth $3,177,000 after acquiring an additional 4,461 shares during the last quarter. LRI Investments LLC lifted its holdings in Howmet Aerospace by 57.3% in the third quarter. LRI Investments LLC now owns 2,505 shares of the company's stock worth $251,000 after purchasing an additional 913 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Howmet Aerospace by 5.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 112,482 shares of the company's stock valued at $11,276,000 after buying an additional 5,731 shares in the last quarter. MML Investors Services LLC increased its stake in Howmet Aerospace by 7.0% during the 3rd quarter. MML Investors Services LLC now owns 37,497 shares of the company's stock valued at $3,759,000 after buying an additional 2,442 shares during the period. Finally, Dorsey Wright & Associates acquired a new stake in shares of Howmet Aerospace in the 3rd quarter worth approximately $2,073,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HWM has been the subject of several research analyst reports. Truist Financial upped their price objective on Howmet Aerospace from $123.00 to $128.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Robert W. Baird raised their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Barclays increased 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, November 11th. Susquehanna increased their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research report on Thursday, November 7th. Finally, Sanford C. Bernstein upped their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. One 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. According to MarketBeat, Howmet Aerospace has an average rating of "Moderate Buy" and an average target price of $115.59.

Howmet Aerospace Stock Performance

HWM stock traded down $2.38 during mid-day trading on Thursday, reaching $113.70. 2,114,690 shares of the stock traded hands, compared to its average volume of 2,903,123. The business has a 50-day moving average of $109.54 and a two-hundred day moving average of $95.67. Howmet Aerospace Inc. has a 52 week low of $52.36 and a 52 week high of $120.71. The firm has a market capitalization of $46.19 billion, a PE ratio of 44.31, a P/E/G ratio of 1.59 and a beta of 1.48. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a $0.08 dividend. The ex-dividend date was 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%.

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.