Stifel Financial Corp Has $26.45 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Stifel Financial Corp lifted its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 12.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 263,830 shares of the company's stock after purchasing an additional 28,568 shares during the period. Stifel Financial Corp owned 0.06% of Howmet Aerospace worth $26,450,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Senator Investment Group LP boosted its stake in shares of 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 acquired a new position in Howmet Aerospace in the third quarter valued at approximately $1,264,000. Wealthspire Advisors LLC bought a new position in Howmet Aerospace in the second quarter valued at approximately $209,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Howmet Aerospace by 1,258.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company's stock valued at $206,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Howmet Aerospace by 135.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company's stock worth $2,622,000 after acquiring an additional 15,070 shares during the period. Institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HWM shares. Truist Financial increased their price target on Howmet Aerospace from $123.00 to $128.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Robert W. Baird increased their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. KeyCorp lowered Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Sanford C. Bernstein increased their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Finally, UBS Group lifted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.41.

Howmet Aerospace Stock Down 3.9 %

Shares of HWM traded down $4.56 during midday trading on Monday, hitting $113.75. The stock had a trading volume of 3,013,501 shares, compared to its average volume of 2,912,333. The firm has a market cap of $46.21 billion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 1.59 and a beta of 1.48. The company has a 50 day simple moving average of $108.71 and a two-hundred day simple moving average of $95.10. Howmet Aerospace Inc. has a twelve month low of $52.36 and a twelve month high of $120.71. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date was Friday, November 8th. Howmet Aerospace's payout ratio is 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.