Principal Financial Group Inc. Acquires 35,601 Shares of Howmet Aerospace Inc. (NYSE:HWM)

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

Several other institutional investors and hedge funds have also bought and sold shares of the company. AlphaCentric Advisors LLC purchased a new stake in shares of Howmet Aerospace in the second quarter worth $36,000. Atomi Financial Group Inc. raised its holdings in shares of Howmet Aerospace by 6.8% in the 2nd quarter. Atomi Financial Group Inc. now owns 4,876 shares of the company's stock valued at $379,000 after acquiring an additional 309 shares in the last quarter. AustralianSuper Pty Ltd boosted its position in shares of Howmet Aerospace by 181.0% during the 2nd quarter. AustralianSuper Pty Ltd now owns 49,894 shares of the company's stock valued at $3,873,000 after acquiring an additional 32,136 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Howmet Aerospace by 2.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 26,975 shares of the company's stock worth $2,094,000 after purchasing an additional 658 shares in the last quarter. Finally, HB Wealth Management LLC increased its position in shares of Howmet Aerospace by 4.9% in the second quarter. HB Wealth Management LLC now owns 3,664 shares of the company's stock worth $284,000 after purchasing an additional 171 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on HWM. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Sanford C. Bernstein upped their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Susquehanna raised their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research report on Thursday, November 7th. Robert W. Baird upped 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. Finally, KeyCorp cut Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. One equities research 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. Based on data from MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $115.59.

Howmet Aerospace Trading Down 0.3 %

HWM traded down $0.29 during trading on Monday, hitting $110.54. 1,536,885 shares of the stock traded hands, compared to its average volume of 2,897,600. The firm has a market capitalization of $44.91 billion, a P/E ratio of 42.19, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48. Howmet Aerospace Inc. has a 12-month low of $52.56 and a 12-month high of $120.71. 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 firm has a 50-day moving average of $110.79 and a 200 day moving average of $97.09.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a $0.08 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. Howmet Aerospace's payout ratio is presently 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.