Hilltop Holdings Inc. Increases Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Hilltop Holdings Inc. lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 100.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 10,911 shares of the company's stock after acquiring an additional 5,471 shares during the period. Hilltop Holdings Inc.'s holdings in Howmet Aerospace were worth $1,094,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of HWM. Lone Pine Capital LLC acquired a new stake in shares of Howmet Aerospace during the second quarter worth about $284,539,000. D. E. Shaw & Co. Inc. lifted 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 purchasing an additional 1,070,049 shares during the period. Renaissance Technologies LLC lifted 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 purchasing an additional 548,800 shares during the period. Natixis Advisors LLC lifted its holdings in Howmet Aerospace by 579.8% in the second quarter. Natixis Advisors LLC now owns 592,463 shares of the company's stock valued at $45,993,000 after acquiring an additional 505,306 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Howmet Aerospace by 695.6% in the third quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company's stock valued at $55,941,000 after acquiring an additional 487,880 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

NYSE HWM traded down $0.01 during trading hours on Thursday, hitting $120.08. 2,471,782 shares of the stock were exchanged, compared to its average volume of 2,916,149. 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 Inc. has a 12-month low of $52.22 and a 12-month high of $120.70. The company has a market cap of $48.78 billion, a price-to-earnings ratio of 45.83, a price-to-earnings-growth ratio of 1.60 and a beta of 1.48. The stock has a 50-day moving average of $108.33 and a 200 day moving average of $94.71.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders 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 annualized dividend and a dividend yield of 0.27%. Howmet Aerospace's payout ratio is currently 12.21%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Sanford C. Bernstein boosted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a report on Monday, October 21st. UBS Group boosted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. KeyCorp downgraded Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Barclays upped their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Finally, 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 report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.41.

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.