Quantinno Capital Management LP Boosts Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Quantinno Capital Management LP increased its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 24.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,350 shares of the company's stock after buying an additional 17,410 shares during the period. Quantinno Capital Management LP's holdings in Howmet Aerospace were worth $8,757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HWM. Cultivar Capital Inc. purchased a new position in shares of Howmet Aerospace during the second quarter worth approximately $26,000. RiverPark Advisors LLC bought a new stake in Howmet Aerospace during the 3rd quarter valued at $26,000. LGT Financial Advisors LLC lifted its holdings in shares of Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock worth $28,000 after buying an additional 262 shares during the period. Hollencrest Capital Management purchased a new stake in shares of Howmet Aerospace in the 3rd quarter worth $30,000. Finally, Rothschild Investment LLC bought a new position in shares of Howmet Aerospace during the 2nd quarter worth $32,000. Institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Robert W. Baird lifted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th. UBS Group lifted 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. Sanford C. Bernstein boosted their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Finally, Barclays increased their target price on Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. One research 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $115.41.

Howmet Aerospace Stock Down 1.5 %

Shares of HWM traded down $1.76 during mid-day trading on Friday, hitting $118.31. 1,912,934 shares of the company traded hands, compared to its average volume of 2,911,904. The company has a market capitalization of $48.06 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 1.60 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. The business has a 50 day moving average of $108.33 and a 200 day moving average of $94.71. Howmet Aerospace Inc. has a 1-year low of $52.26 and a 1-year high of $120.71.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Howmet Aerospace's payout ratio is 12.21%.

About Howmet Aerospace

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.