Polar Asset Management Partners Inc. Purchases Shares of 32,000 Howmet Aerospace Inc. (NYSE:HWM)

Polar Asset Management Partners Inc. purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,000 shares of the company's stock, valued at approximately $3,208,000.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank of Canada raised their price objective 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. Barclays lifted 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. KeyCorp cut Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their target price on Howmet Aerospace from $113.00 to $129.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Finally, UBS Group upped their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $115.41.

Howmet Aerospace Price Performance

Shares of NYSE:HWM traded down $0.01 on Thursday, hitting $120.08. The company had a trading volume of 2,471,782 shares, compared to its average volume of 2,916,149. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company has a market cap of $48.78 billion, a PE ratio of 45.83, a PEG ratio of 1.60 and a beta of 1.48. Howmet Aerospace Inc. has a 52-week low of $52.22 and a 52-week high of $120.70. The business has a 50 day moving average of $108.33 and a 200 day moving average of $94.71.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Howmet Aerospace's dividend payout ratio (DPR) is 12.21%.

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.