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Worldquant Millennium Advisors LLC Increases Position in Howmet Aerospace Inc. (NYSE:HWM)

Howmet Aerospace logo with Aerospace background

Worldquant Millennium Advisors LLC grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 711,469 shares of the company's stock after purchasing an additional 66,822 shares during the period. Worldquant Millennium Advisors LLC owned 0.18% of Howmet Aerospace worth $71,325,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HWM. RiverPark Advisors LLC acquired a new stake in Howmet Aerospace during the third quarter worth approximately $26,000. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace during the third quarter worth $30,000. Cultivar Capital Inc. purchased a new stake in shares of Howmet Aerospace in the second quarter valued at $26,000. LGT Financial Advisors LLC increased its stake in 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 purchasing an additional 262 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in Howmet Aerospace during the second quarter worth about $32,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on HWM. Wells Fargo & Company lifted their price target on Howmet Aerospace from $113.00 to $129.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Robert W. Baird boosted their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Barclays lifted their price target 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. Finally, Bank of America upped their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $115.41.

Check Out Our Latest Research Report on Howmet Aerospace

Howmet Aerospace Stock Down 1.5 %

Howmet Aerospace stock traded down $1.76 during midday trading on Friday, hitting $118.31. 1,912,882 shares of the company were exchanged, compared to its average volume of 2,911,902. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a fifty-two week low of $52.26 and a fifty-two week high of $120.71. The company's fifty day moving average price is $108.33 and its 200-day moving average price is $94.71. The company has a market cap of $48.06 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 1.60 and a beta of 1.48.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders 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 0.27%. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.21%.

About Howmet Aerospace

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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