4,962 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,962 shares of the company's stock, valued at approximately $497,000.

Several other institutional investors have also recently made changes to their positions in HWM. Lone Pine Capital LLC bought a new position in shares of Howmet Aerospace during the 2nd quarter valued at approximately $284,539,000. D. E. Shaw & Co. Inc. increased its stake in shares of Howmet Aerospace by 1,168.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company's stock worth $90,175,000 after purchasing an additional 1,070,049 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Howmet Aerospace by 341.7% during the 2nd quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock valued at $55,071,000 after purchasing an additional 548,800 shares during the period. Natixis Advisors LLC lifted its stake in shares of Howmet Aerospace by 579.8% during the 2nd quarter. Natixis Advisors LLC now owns 592,463 shares of the company's stock valued at $45,993,000 after buying an additional 505,306 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Howmet Aerospace by 695.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company's stock worth $55,941,000 after buying an additional 487,880 shares during the period. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

HWM traded up $1.76 on Friday, reaching $118.46. 1,352,043 shares of the stock were exchanged, compared to its average volume of 2,923,516. Howmet Aerospace Inc. has a fifty-two week low of $51.79 and a fifty-two week high of $119.28. The company's 50-day moving average price is $106.73 and its 200 day moving average price is $93.68. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market capitalization of $48.13 billion, a PE ratio of 45.21, a PEG ratio of 1.57 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid 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 (DPR) is currently 12.21%.

Analysts Set New Price Targets

HWM has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Sanford C. Bernstein boosted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. KeyCorp cut shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their target price on Howmet Aerospace from $113.00 to $129.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada upped their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.41.

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.