Royal London Asset Management Ltd. Has $15.86 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Royal London Asset Management Ltd. raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,249 shares of the company's stock after purchasing an additional 10,082 shares during the period. Royal London Asset Management Ltd.'s holdings in Howmet Aerospace were worth $15,864,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lone Pine Capital LLC bought a new stake in shares of Howmet Aerospace during the second quarter valued at about $284,539,000. D. E. Shaw & Co. Inc. increased its stake in Howmet Aerospace by 1,168.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company's stock valued at $90,175,000 after buying an additional 1,070,049 shares during the period. Renaissance Technologies LLC raised its position in shares of Howmet Aerospace by 341.7% during the 2nd quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock worth $55,071,000 after buying an additional 548,800 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of Howmet Aerospace by 579.8% in the 2nd quarter. Natixis Advisors LLC now owns 592,463 shares of the company's stock worth $45,993,000 after acquiring an additional 505,306 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of 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 in the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

Shares of HWM traded down $1.76 during mid-day trading on Friday, hitting $118.31. The company's stock had a trading volume of 1,913,041 shares, compared to its average volume of 2,334,170. Howmet Aerospace Inc. has a one year low of $52.26 and a one year high of $120.71. The stock's 50-day moving average is $108.71 and its two-hundred day moving average is $95.10. The firm has a market capitalization of $48.06 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 1.61 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.

Howmet Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HWM shares. Bank of America boosted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Wells Fargo & Company boosted their price objective on Howmet Aerospace from $113.00 to $129.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. Barclays raised their target price on Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. UBS Group boosted their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, KeyCorp lowered shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Howmet Aerospace currently has an average 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.