Oppenheimer & Co. Inc. Buys 15,070 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Oppenheimer & Co. Inc. raised its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 135.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,159 shares of the company's stock after buying an additional 15,070 shares during the period. Oppenheimer & Co. Inc.'s holdings in Howmet Aerospace were worth $2,622,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Senator Investment Group LP boosted its holdings in Howmet Aerospace by 24.8% in the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company's stock valued at $12,110,000 after purchasing an additional 31,000 shares during the last quarter. Terra Nova Asset Management LLC purchased a new position in Howmet Aerospace during the 3rd quarter worth $1,264,000. Wealthspire Advisors LLC purchased a new position in Howmet Aerospace during the 2nd quarter worth $209,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in Howmet Aerospace by 1,258.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company's stock worth $206,000 after buying an additional 1,900 shares during the last quarter. Finally, Blair William & Co. IL raised its position in Howmet Aerospace by 51.6% during the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company's stock worth $1,744,000 after buying an additional 8,676 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on HWM. Bank of America raised their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday. KeyCorp downgraded shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. BTIG Research boosted their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a "buy" rating in a report on Monday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.41.

Howmet Aerospace Trading Down 1.1 %

Howmet Aerospace stock traded down $1.21 during trading on Friday, hitting $112.01. The company's stock had a trading volume of 2,221,703 shares, compared to its average volume of 2,380,704. Howmet Aerospace Inc. has a 1-year low of $51.22 and a 1-year high of $116.74. The stock's fifty day moving average is $102.37 and its 200 day moving average is $91.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The stock has a market capitalization of $45.51 billion, a price-to-earnings ratio of 42.75, a P/E/G ratio of 1.50 and a beta of 1.46.

Howmet Aerospace Dividend Announcement

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

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction dated 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 owns 92,687 shares in the company, valued at approximately $8,985,077.78. This represents a 43.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the firm's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares of the company's stock, valued at $14,982,938.30. This trade represents a 49.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

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.