The Manufacturers Life Insurance Company Raises Stake in Howmet Aerospace Inc. (NYSE:HWM)

The Manufacturers Life Insurance Company boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 245,943 shares of the company's stock after acquiring an additional 10,158 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of Howmet Aerospace worth $24,656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HWM. Cultivar Capital Inc. acquired a new stake in shares of Howmet Aerospace in the second quarter worth $26,000. RiverPark Advisors LLC bought a new position in Howmet Aerospace during the third quarter worth about $26,000. LGT Financial Advisors LLC grew its holdings in shares of Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock worth $28,000 after purchasing an additional 262 shares in the last quarter. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace during the third quarter valued at about $30,000. Finally, Rothschild Investment LLC acquired a new position in shares of Howmet Aerospace during the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HWM. Truist Financial boosted their target price on Howmet Aerospace from $123.00 to $128.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Sanford C. Bernstein raised their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. UBS Group boosted their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price objective on Howmet Aerospace from $113.00 to $129.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.41.

Howmet Aerospace Stock Performance

Shares of HWM stock traded up $1.68 on Friday, hitting $118.38. 1,352,044 shares of the stock traded hands, compared to its average volume of 2,472,236. Howmet Aerospace Inc. has a 1-year low of $51.79 and a 1-year high of $119.28. The company has a market capitalization of $48.09 billion, a PE ratio of 45.18, a PEG ratio of 1.59 and a beta of 1.46. The company's fifty day moving average is $106.73 and its 200 day moving average is $93.85. 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 Dividend Announcement

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