National Wealth Management Group LLC Boosts Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

National Wealth Management Group LLC increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 57.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,055 shares of the company's stock after buying an additional 4,748 shares during the period. Howmet Aerospace accounts for 0.9% of National Wealth Management Group LLC's holdings, making the stock its 28th biggest holding. National Wealth Management Group LLC's holdings in Howmet Aerospace were worth $1,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace during the 3rd quarter worth approximately $26,000. Hollencrest Capital Management acquired a new stake in Howmet Aerospace in the third quarter worth $30,000. Cultivar Capital Inc. bought a new stake in Howmet Aerospace in the second quarter valued at $26,000. LGT Financial Advisors LLC raised its holdings in shares of Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock valued at $28,000 after purchasing an additional 262 shares during the period. Finally, Rothschild Investment LLC bought a new position in shares of Howmet Aerospace during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HWM. Wells Fargo & Company upped their price target 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 boosted their price target 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. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average price target of $115.41.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock traded down $0.48 on Thursday, reaching $116.70. 1,766,622 shares of the company traded hands, compared to its average volume of 2,930,349. The company has a 50 day moving average of $105.93 and a 200 day moving average of $93.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 52 week low of $51.47 and a 52 week high of $119.28. The firm has a market capitalization of $47.41 billion, a PE ratio of 44.54, a PEG ratio of 1.56 and a beta of 1.46.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders 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 annualized dividend and a dividend yield of 0.27%. Howmet Aerospace's payout ratio is 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.