Sumitomo Mitsui Trust Group Inc. Increases Position in Howmet Aerospace Inc. (NYSE:HWM)

Sumitomo Mitsui Trust Group Inc. raised its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 958,493 shares of the company's stock after acquiring an additional 55,118 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Howmet Aerospace worth $96,089,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace during the 3rd quarter valued at $30,000. Cultivar Capital Inc. bought a new stake in shares of Howmet Aerospace during the second quarter worth about $26,000. LGT Financial Advisors LLC increased its stake in shares of Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock valued at $28,000 after buying an additional 262 shares during the period. Rothschild Investment LLC bought a new position in Howmet Aerospace in the 2nd quarter valued at approximately $32,000. Finally, Versant Capital Management Inc boosted its position in Howmet Aerospace by 1,209.1% during the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company's stock worth $34,000 after buying an additional 399 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Buying and Selling

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares of the company's stock, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Neil Edward Marchuk sold 70,637 shares of the firm's 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 transaction, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the business's stock in a transaction that occurred 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 completion of the sale, 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.

Wall Street Analysts Forecast Growth

HWM has been the topic of several analyst reports. Susquehanna upped their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a report on Thursday, November 7th. Robert W. Baird raised their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price 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 raised their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Truist Financial upped 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. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.41.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded down $2.10 during midday trading on Thursday, reaching $113.67. 1,559,859 shares of the stock were exchanged, compared to its average volume of 2,933,642. The company's fifty day moving average is $101.58 and its 200-day moving average is $90.48. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a 52 week low of $51.22 and a 52 week high of $116.74. The firm has a market cap of $46.18 billion, a PE ratio of 44.18, a PEG ratio of 1.54 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders 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 (DPR) 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.