Principal Financial Group Inc. Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

Principal Financial Group Inc. raised its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 484,345 shares of the company's stock after buying an additional 35,601 shares during the period. Principal Financial Group Inc. owned about 0.12% of Howmet Aerospace worth $48,556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in HWM. Senator Investment Group LP boosted its holdings in Howmet Aerospace by 24.8% in the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company's stock worth $12,110,000 after buying an additional 31,000 shares during the period. Terra Nova Asset Management LLC purchased a new stake in Howmet Aerospace during the 3rd quarter worth about $1,264,000. Wealthspire Advisors LLC purchased a new stake in Howmet Aerospace during the 2nd quarter worth about $209,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Howmet Aerospace by 1,258.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company's stock worth $206,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in Howmet Aerospace by 51.6% during the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company's stock worth $1,744,000 after purchasing an additional 8,676 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Robert W. Baird raised their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a report on Thursday. UBS Group raised their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday. Truist Financial raised their price target on Howmet Aerospace from $123.00 to $128.00 and gave the company a "buy" rating in a report on Thursday. Finally, KeyCorp cut Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $111.63.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the transaction, the chief financial officer now owns 155,135 shares of the company's stock, valued at $14,982,938.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

Howmet Aerospace Trading Up 0.9 %

Shares of HWM stock traded up $1.03 during trading hours on Monday, reaching $114.68. The company's stock had a trading volume of 1,533,531 shares, compared to its average volume of 2,375,326. The stock has a market capitalization of $46.81 billion, a P/E ratio of 43.77, a P/E/G ratio of 1.60 and a beta of 1.46. Howmet Aerospace Inc. has a one year low of $49.36 and a one year high of $115.98. The firm's fifty day simple moving average is $100.74 and its 200 day simple moving average is $89.97. The company has a current ratio of 2.24, a quick ratio of 0.74 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. Howmet Aerospace's dividend payout ratio is presently 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.