Holocene Advisors LP Acquires New Shares in Howmet Aerospace Inc. (NYSE:HWM)

Holocene Advisors LP purchased a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 69,512 shares of the company's stock, valued at approximately $6,969,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HWM. Senator Investment Group LP grew its position in Howmet Aerospace by 24.8% in the second quarter. Senator Investment Group LP now owns 156,000 shares of the company's stock worth $12,110,000 after acquiring an additional 31,000 shares in the last quarter. Terra Nova Asset Management LLC bought a new position in shares of Howmet Aerospace in the 3rd quarter worth about $1,264,000. Wealthspire Advisors LLC bought a new stake in shares of Howmet Aerospace in the 2nd quarter worth approximately $209,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company's stock worth $206,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Howmet Aerospace by 135.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company's stock worth $2,622,000 after acquiring an additional 15,070 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HWM shares. 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 research note on Thursday, November 7th. UBS Group increased their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. KeyCorp cut shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Sanford C. Bernstein increased their price objective 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. Finally, Royal Bank of Canada increased their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. 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's stock. According to MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average price target of $115.41.

Howmet Aerospace Trading Up 0.8 %

Shares of NYSE:HWM traded up $1.01 during midday trading on Wednesday, reaching $120.12. The company's stock had a trading volume of 2,313,264 shares, compared to its average volume of 2,917,964. The firm has a market capitalization of $48.80 billion, a price-to-earnings ratio of 45.85, a PEG ratio of 1.58 and a beta of 1.48. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The firm has a 50 day moving average price of $107.92 and a two-hundred day moving average price of $94.53. Howmet Aerospace Inc. has a fifty-two week low of $52.06 and a fifty-two week high of $120.24.

Howmet Aerospace Dividend Announcement

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 $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 payout ratio is currently 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.