Kovitz Investment Group Partners LLC Purchases 5,054 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Kovitz Investment Group Partners LLC grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 28.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 22,728 shares of the company's stock after purchasing an additional 5,054 shares during the period. Kovitz Investment Group Partners LLC's holdings in Howmet Aerospace were worth $2,278,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Caprock Group LLC boosted its stake in shares of Howmet Aerospace by 1.0% in the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company's stock worth $1,121,000 after buying an additional 106 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Howmet Aerospace by 6.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company's stock worth $195,000 after buying an additional 124 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Howmet Aerospace by 2.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company's stock worth $527,000 after buying an additional 124 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company's stock worth $44,000 after buying an additional 126 shares during the last quarter. Finally, Huntington National Bank lifted its stake in Howmet Aerospace by 11.1% in the third quarter. Huntington National Bank now owns 1,526 shares of the company's stock valued at $153,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

HWM has been the topic of several research analyst reports. Bank of America upped their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. UBS Group upped their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Barclays upped their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Finally, Sanford C. Bernstein upped their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $115.41.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded up $0.36 during trading on Tuesday, hitting $114.11. The stock had a trading volume of 2,009,053 shares, compared to its average volume of 2,908,543. The firm has a market cap of $46.36 billion, a price-to-earnings ratio of 43.89, a P/E/G ratio of 1.59 and a beta of 1.48. Howmet Aerospace Inc. has a 12 month low of $52.36 and a 12 month high of $120.71. The business's 50-day moving average is $108.98 and its 200 day moving average is $95.32. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Announces Dividend

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