Los Angeles Capital Management LLC Acquires 150,387 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Los Angeles Capital Management LLC increased its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 12.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,378,141 shares of the company's stock after acquiring an additional 150,387 shares during the period. Los Angeles Capital Management LLC owned about 0.34% of Howmet Aerospace worth $138,159,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HWM. Janney Montgomery Scott LLC increased its position in Howmet Aerospace by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 23,347 shares of the company's stock worth $1,598,000 after purchasing an additional 1,882 shares during the last quarter. Quantbot Technologies LP increased its position in Howmet Aerospace by 76.4% in the 1st quarter. Quantbot Technologies LP now owns 17,760 shares of the company's stock worth $1,215,000 after purchasing an additional 7,693 shares during the last quarter. Empowered Funds LLC increased its position in Howmet Aerospace by 323.3% in the 1st quarter. Empowered Funds LLC now owns 19,828 shares of the company's stock worth $1,357,000 after purchasing an additional 15,144 shares during the last quarter. Atomi Financial Group Inc. increased its position in Howmet Aerospace by 13.0% in the 1st quarter. Atomi Financial Group Inc. now owns 4,567 shares of the company's stock worth $313,000 after purchasing an additional 527 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new position in Howmet Aerospace in the 1st quarter worth about $224,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

HWM traded up $2.51 during midday trading on Friday, reaching $113.65. The company's stock had a trading volume of 2,012,930 shares, compared to its average volume of 2,317,974. The stock has a market cap of $46.39 billion, a P/E ratio of 43.38, a PEG ratio of 1.63 and a beta of 1.46. The company has a fifty day simple moving average of $100.38 and a 200 day simple moving average of $89.44. The company has a current ratio of 2.24, a quick ratio of 0.74 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a twelve month low of $48.39 and a twelve month high of $115.38.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace's dividend payout ratio (DPR) is currently 12.21%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HWM shares. Truist Financial upped their target price on Howmet Aerospace from $123.00 to $128.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group increased their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday. Susquehanna increased their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a report on Thursday. Sanford C. Bernstein increased their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $109.75.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, 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 value of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Ken Giacobbe sold 154,909 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 155,135 shares in the company, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares of the company's stock, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.12% of the company's stock.

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.