Natixis Advisors LLC Has $73.21 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Natixis Advisors LLC lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 23.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 730,239 shares of the company's stock after purchasing an additional 137,776 shares during the quarter. Natixis Advisors LLC owned about 0.18% of Howmet Aerospace worth $73,206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Massmutual Trust Co. FSB ADV lifted its holdings in Howmet Aerospace by 6.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company's stock valued at $195,000 after acquiring an additional 124 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Howmet Aerospace by 2.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company's stock valued at $527,000 after acquiring an additional 124 shares during the last quarter. Assetmark Inc. lifted its holdings in Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company's stock valued at $44,000 after acquiring an additional 126 shares during the last quarter. Huntington National Bank lifted its holdings in 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 last quarter. Finally, Cigna Investments Inc. New lifted its holdings in 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 last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HWM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Barclays increased their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. UBS Group increased their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, Robert W. Baird increased their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $115.41.

Insider Activity

In related news, CFO Ken Giacobbe sold 154,909 shares of the firm's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the transaction, the chief financial officer now directly 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 Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 92,687 shares of the company's stock, valued at approximately $8,985,077.78. This trade represents a 43.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.

Howmet Aerospace Stock Performance

Shares of HWM traded down $1.21 during mid-day trading on Friday, hitting $112.01. The company's stock had a trading volume of 2,221,703 shares, compared to its average volume of 2,380,704. Howmet Aerospace Inc. has a one year low of $51.22 and a one year high of $116.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The firm has a market capitalization of $45.51 billion, a PE ratio of 42.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. The stock's 50-day moving average is $102.37 and its two-hundred day moving average is $91.12.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. Howmet Aerospace's dividend payout ratio is 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.