iA Global Asset Management Inc. Grows Holdings in Howmet Aerospace Inc. (NYSE:HWM)

iA Global Asset Management Inc. lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 29.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,144 shares of the company's stock after acquiring an additional 5,298 shares during the quarter. iA Global Asset Management Inc.'s holdings in Howmet Aerospace were worth $2,320,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace during the third quarter worth $26,000. Hollencrest Capital Management acquired a new position in Howmet Aerospace in the third quarter valued at $30,000. Cultivar Capital Inc. acquired a new position in Howmet Aerospace in the second quarter valued at $26,000. LGT Financial Advisors LLC boosted its stake in Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock valued at $28,000 after acquiring an additional 262 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Howmet Aerospace during the second quarter worth about $32,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Trading Down 3.9 %

Shares of HWM stock traded down $4.56 during mid-day trading on Monday, reaching $113.76. The company's stock had a trading volume of 3,014,043 shares, compared to its average volume of 2,912,333. The company's 50 day simple moving average is $108.71 and its 200-day simple moving average is $95.10. Howmet Aerospace Inc. has a 12-month low of $52.36 and a 12-month high of $120.71. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $46.21 billion, a PE ratio of 43.35, a price-to-earnings-growth ratio of 1.59 and a beta of 1.48.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace's dividend payout ratio is presently 12.21%.

Analyst Upgrades and Downgrades

HWM has been the subject of several recent research reports. Truist Financial increased their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Robert W. Baird increased their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada increased their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $115.41.

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.