Oddo BHF Asset Management Sas Takes $3.39 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Oddo BHF Asset Management Sas bought a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 33,794 shares of the company's stock, valued at approximately $3,388,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HWM. Lone Pine Capital LLC bought a new stake in Howmet Aerospace during the second quarter valued at about $284,539,000. D. E. Shaw & Co. Inc. boosted its stake in Howmet Aerospace by 1,168.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company's stock valued at $90,175,000 after acquiring an additional 1,070,049 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Howmet Aerospace by 341.7% during the 2nd quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock valued at $55,071,000 after purchasing an additional 548,800 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Howmet Aerospace by 579.8% in the 2nd quarter. Natixis Advisors LLC now owns 592,463 shares of the company's stock worth $45,993,000 after purchasing an additional 505,306 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Howmet Aerospace by 695.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company's stock worth $55,941,000 after purchasing an additional 487,880 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

NYSE HWM traded down $0.23 on Friday, hitting $113.47. The company had a trading volume of 1,564,931 shares, compared to its average volume of 2,897,582. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The company's fifty day moving average price is $109.80 and its 200-day moving average price is $95.79. The company has a market capitalization of $46.10 billion, a PE ratio of 43.65, a PEG ratio of 1.56 and a beta of 1.48. Howmet Aerospace Inc. has a 12-month low of $52.36 and a 12-month high of $120.71.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.28%. Howmet Aerospace's dividend payout ratio (DPR) is currently 12.21%.

Wall Street Analysts Forecast Growth

HWM has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Truist Financial boosted their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their target price on Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Wells Fargo & Company increased their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Susquehanna upped their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $115.59.

About Howmet Aerospace

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.