Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by ING Groep NV

ING Groep NV increased its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 51.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,086 shares of the company's stock after buying an additional 35,206 shares during the period. ING Groep NV's holdings in Howmet Aerospace were worth $10,435,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also 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 approximately $284,539,000. Price T Rowe Associates Inc. MD boosted its holdings in Howmet Aerospace by 28.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company's stock worth $966,959,000 after acquiring an additional 3,158,186 shares in the last quarter. JPMorgan Chase & Co. grew its position in Howmet Aerospace by 18.7% during the 1st quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company's stock valued at $1,223,358,000 after purchasing an additional 2,813,911 shares during the last quarter. Capital Research Global Investors bought a new stake in shares of Howmet Aerospace during the first quarter valued at approximately $148,996,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Howmet Aerospace by 1,168.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company's stock worth $90,175,000 after purchasing an additional 1,070,049 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of research analyst reports. BTIG Research lifted their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. Barclays upped their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Monday. Royal Bank of Canada raised their target price on Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Robert W. Baird boosted their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Sanford C. Bernstein increased their price target 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. One 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $115.41.

Insider Activity at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of the company's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares of the company's stock, valued at $14,982,938.30. This represents a 49.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares of the company's stock, valued at approximately $8,985,077.78. This represents a 43.25 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

Howmet Aerospace Trading Down 1.1 %

Shares of HWM stock traded down $1.21 during trading hours on Friday, reaching $112.01. 2,181,079 shares of the stock were exchanged, compared to its average volume of 2,935,654. Howmet Aerospace Inc. has a 12-month low of $51.22 and a 12-month high of $116.74. The company's 50-day moving average price is $101.96 and its 200-day moving average price is $90.63. The firm has a market capitalization of $45.51 billion, a price-to-earnings ratio of 43.23, a price-to-earnings-growth ratio of 1.57 and a beta of 1.46. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.29%. Howmet Aerospace's dividend payout ratio (DPR) is currently 12.21%.

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.