Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 134.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 254,251 shares of the company's stock after buying an additional 145,675 shares during the period. National Bank of Canada FI owned 0.06% of Howmet Aerospace worth $25,489,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cultivar Capital Inc. acquired a new position in Howmet Aerospace during the second quarter valued at approximately $26,000. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace during the 3rd quarter valued at $26,000. LGT Financial Advisors LLC boosted its position in Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock worth $28,000 after purchasing an additional 262 shares during the period. Hollencrest Capital Management purchased a new stake in Howmet Aerospace during the 3rd quarter worth $30,000. Finally, Rothschild Investment LLC purchased a new position in Howmet Aerospace in the second quarter valued at about $32,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

HWM traded up $0.36 during trading hours on Tuesday, hitting $114.11. 2,009,053 shares of the stock were exchanged, compared to its average volume of 2,908,543. The stock has a market cap of $46.36 billion, a price-to-earnings ratio of 43.89, a price-to-earnings-growth ratio of 1.59 and a beta of 1.48. The stock has a 50-day simple moving average of $108.98 and a 200-day simple moving average of $95.32. 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 12 month low of $52.36 and a 12 month high of $120.71.

Howmet Aerospace Announces Dividend

The firm 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. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.21%.

Wall Street Analysts Forecast Growth

HWM has been the subject of several analyst reports. Sanford C. Bernstein upped their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Royal Bank of Canada upped their price target on Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Truist Financial lifted their price objective 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. KeyCorp downgraded shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Finally, Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $115.41.

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.