Mizuho Securities USA LLC Increases Stake in Howmet Aerospace Inc. (NYSE:HWM)

Mizuho Securities USA LLC boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 112.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 63,454 shares of the company's stock after acquiring an additional 33,555 shares during the period. Mizuho Securities USA LLC's holdings in Howmet Aerospace were worth $6,361,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes 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 buying an additional 124 shares during the period. OneDigital Investment Advisors LLC raised its holdings in Howmet Aerospace by 2.4% during the third quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company's stock worth $527,000 after purchasing an additional 124 shares in the last quarter. Assetmark Inc. raised its holdings in Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company's stock worth $44,000 after purchasing an additional 126 shares in the last quarter. Huntington National Bank increased its holdings in shares of Howmet Aerospace by 11.1% in the 3rd quarter. Huntington National Bank now owns 1,526 shares of the company's stock valued at $153,000 after acquiring an additional 152 shares during the period. Finally, Cigna Investments Inc. New increased its holdings 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 acquiring an additional 153 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Down 1.1 %

Shares of HWM stock traded down $1.21 during trading hours on Friday, hitting $112.01. 2,221,703 shares of the company's stock traded hands, compared to its average volume of 2,380,704. The stock's fifty day simple moving average is $102.37 and its two-hundred day simple moving average is $91.12. Howmet Aerospace Inc. has a 12-month low of $51.22 and a 12-month high of $116.74. The stock has a market cap of $45.51 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 1.50 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Friday, November 8th. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.21%.

Analysts Set New Price Targets

Several brokerages have commented on HWM. Royal Bank of Canada boosted their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Bank of America boosted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday. Truist Financial boosted their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Barclays upped their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company boosted their target price on Howmet Aerospace from $113.00 to $129.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $115.41.

Insider Buying and Selling at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of the firm's stock in a transaction on Thursday, August 22nd. The shares were 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 of the company's stock, valued at $14,982,938.30. This trade represents a 49.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares of the company's stock, valued at $8,985,077.78. The trade was a 43.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.12% of the company's stock.

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.