Public Sector Pension Investment Board Buys 5,500 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Public Sector Pension Investment Board boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 36.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,455 shares of the company's stock after purchasing an additional 5,500 shares during the period. Public Sector Pension Investment Board's holdings in Howmet Aerospace were worth $2,051,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of analyst reports. Barclays increased their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Bank of America increased their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Sanford C. Bernstein boosted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Finally, KeyCorp downgraded shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $115.41.

Howmet Aerospace Stock Down 1.5 %

NYSE HWM traded down $1.76 on Friday, hitting $118.31. 1,912,934 shares of the company were exchanged, compared to its average volume of 2,911,904. Howmet Aerospace Inc. has a 12 month low of $52.26 and a 12 month high of $120.71. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company has a market cap of $48.06 billion, a PE ratio of 45.16, a PEG ratio of 1.60 and a beta of 1.48. The stock has a fifty day moving average of $108.33 and a 200-day moving average of $94.71.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a $0.08 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Howmet Aerospace's dividend payout ratio (DPR) is presently 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.