State Street Corp Purchases 384,171 Shares of Howmet Aerospace Inc. (NYSE:HWM)

State Street Corp boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,440,176 shares of the company's stock after buying an additional 384,171 shares during the quarter. State Street Corp owned approximately 4.29% of Howmet Aerospace worth $1,748,378,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HWM. Stifel Financial Corp lifted its stake in shares of Howmet Aerospace by 12.1% in the third quarter. Stifel Financial Corp now owns 263,830 shares of the company's stock worth $26,450,000 after acquiring an additional 28,568 shares during the period. SYM FINANCIAL Corp bought a new position in Howmet Aerospace during the 3rd quarter worth approximately $219,000. Quantinno Capital Management LP lifted its position in shares of Howmet Aerospace by 24.9% in the 3rd quarter. Quantinno Capital Management LP now owns 87,350 shares of the company's stock worth $8,757,000 after purchasing an additional 17,410 shares during the period. Royal London Asset Management Ltd. boosted its stake in shares of Howmet Aerospace by 6.8% in the 3rd quarter. Royal London Asset Management Ltd. now owns 158,249 shares of the company's stock valued at $15,864,000 after purchasing an additional 10,082 shares during the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Howmet Aerospace during the third quarter worth $3,208,000. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

Howmet Aerospace stock traded down $1.76 during mid-day trading on Friday, reaching $118.31. 1,913,041 shares of the company's stock were exchanged, compared to its average volume of 2,334,170. The business's fifty day simple moving average is $108.71 and its 200 day simple moving average is $95.02. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a one year low of $52.26 and a one year high of $120.71. The firm has a market capitalization of $48.06 billion, a PE ratio of 45.16, a P/E/G ratio of 1.61 and a beta of 1.48.

Howmet Aerospace Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on HWM shares. Barclays boosted their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Bank of America lifted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. KeyCorp cut Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $113.00 to $129.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $115.41.

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.