Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Zacks Investment Management

Zacks Investment Management increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 110.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 180,754 shares of the company's stock after purchasing an additional 94,993 shares during the quarter. Zacks Investment Management's holdings in Howmet Aerospace were worth $18,121,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Lone Pine Capital LLC purchased a new position in shares of Howmet Aerospace during the second quarter valued at approximately $284,539,000. D. E. Shaw & Co. Inc. lifted its stake in shares of Howmet Aerospace by 1,168.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company's stock worth $90,175,000 after acquiring an additional 1,070,049 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Howmet Aerospace by 341.7% during the 2nd quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock valued at $55,071,000 after acquiring an additional 548,800 shares during the period. Natixis Advisors LLC grew its position in Howmet Aerospace by 579.8% in the 2nd quarter. Natixis Advisors LLC now owns 592,463 shares of the company's stock valued at $45,993,000 after acquiring an additional 505,306 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Howmet Aerospace by 695.6% in the third quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company's stock worth $55,941,000 after purchasing an additional 487,880 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of recent analyst reports. Bank of America boosted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. KeyCorp cut shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. 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 note on Monday, October 21st. UBS Group lifted their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company boosted 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $115.41.

Howmet Aerospace Stock Down 1.5 %

Howmet Aerospace stock traded down $1.76 during trading hours on Friday, reaching $118.31. The stock had a trading volume of 1,913,041 shares, compared to its average volume of 2,334,170. The company has a market cap of $48.06 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 1.61 and a beta of 1.48. The business's 50 day moving average price is $108.71 and its 200-day moving average price is $95.10. Howmet Aerospace Inc. has a 52 week low of $52.26 and a 52 week 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.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend 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%.

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.