KBC Group NV Raises Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

KBC Group NV raised its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 25.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,272 shares of the company's stock after acquiring an additional 9,525 shares during the quarter. KBC Group NV's holdings in Howmet Aerospace were worth $4,739,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HWM. Massmutual Trust Co. FSB ADV boosted its stake in Howmet Aerospace by 6.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company's stock worth $195,000 after acquiring an additional 124 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company's stock valued at $44,000 after purchasing an additional 126 shares during the period. Cigna Investments Inc. New grew its stake in shares of Howmet Aerospace by 3.8% in the 2nd quarter. Cigna Investments Inc. New now owns 4,178 shares of the company's stock valued at $324,000 after buying an additional 153 shares during the period. HB Wealth Management LLC increased its position in Howmet Aerospace by 4.9% in the 2nd quarter. HB Wealth Management LLC now owns 3,664 shares of the company's stock valued at $284,000 after buying an additional 171 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Howmet Aerospace by 7.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company's stock valued at $203,000 after acquiring an additional 178 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded up $0.94 during mid-day trading on Monday, reaching $112.95. 820,981 shares of the company's stock traded hands, compared to its average volume of 2,926,172. The stock has a 50 day moving average of $102.37 and a two-hundred day moving average of $91.29. Howmet Aerospace Inc. has a 12-month low of $51.22 and a 12-month high of $116.74. 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 company has a market cap of $45.89 billion, a price-to-earnings ratio of 43.20, a PEG ratio of 1.50 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The business 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 dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. Howmet Aerospace's payout ratio is 12.21%.

Analyst Ratings Changes

HWM has been the subject of several research reports. Sanford C. Bernstein lifted 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. Truist Financial boosted their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a "buy" 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 stock an "outperform" rating in a report on Thursday, November 7th. Bank of America boosted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $83.00 to $105.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $115.41.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the business'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 sale, the chief financial officer now owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 49.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 92,687 shares of the company's stock, valued at $8,985,077.78. This represents a 43.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is owned by company 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.