M&T Bank Corp Acquires 4,461 Shares of Howmet Aerospace Inc. (NYSE:HWM)

M&T Bank Corp raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 16.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,695 shares of the company's stock after acquiring an additional 4,461 shares during the quarter. M&T Bank Corp's holdings in Howmet Aerospace were worth $3,177,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of research reports. Royal Bank of Canada upped their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. UBS Group raised their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. KeyCorp lowered shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Barclays increased their price target 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, Wells Fargo & Company upped their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a report on Wednesday. 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $115.59.

Howmet Aerospace Stock Down 0.2 %

NYSE:HWM traded down $0.27 on Friday, hitting $113.43. 1,565,477 shares of the company's stock were exchanged, compared to its average volume of 2,897,582. The company has a market cap of $46.08 billion, a P/E ratio of 43.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48. The firm has a 50-day moving average price of $110.03 and a 200-day moving average price of $96.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 52 week low of $52.36 and a 52 week high of $120.71.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders 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 dividend yield of 0.28%. The ex-dividend date was Friday, November 8th. Howmet Aerospace's dividend payout ratio is currently 12.21%.

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.