Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by ING Groep NV

ING Groep NV boosted its position in Howmet Aerospace Inc. (NYSE:HWM) by 51.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,086 shares of the company’s stock after buying an additional 35,206 shares during the period. ING Groep NV’s holdings in Howmet Aerospace were worth $10,435,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Howmet Aerospace by 18.7% in the first quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock valued at $1,223,358,000 after acquiring an additional 2,813,911 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Howmet Aerospace by 28.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after buying an additional 3,158,186 shares in the last quarter. Lone Pine Capital LLC purchased a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $284,539,000. TD Asset Management Inc grew its holdings in shares of Howmet Aerospace by 16.9% in the 2nd quarter. TD Asset Management Inc now owns 3,152,629 shares of the company’s stock worth $244,739,000 after acquiring an additional 455,180 shares during the period. Finally, Capital Research Global Investors acquired a new stake in shares of Howmet Aerospace in the 1st quarter worth approximately $148,996,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction dated 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 sale, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. This trade represents a 49.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were 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 of the company’s stock, valued at $8,985,077.78. The trade was a 43.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HWM has been the subject of several research reports. Robert W. Baird lifted their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group boosted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price target on Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.41.

Howmet Aerospace Stock Down 2.2 %

Shares of NYSE HWM opened at $113.25 on Friday. 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 1 year low of $51.22 and a 1 year high of $116.74. The stock’s 50-day simple moving average is $101.58 and its 200-day simple moving average is $90.48. The firm has a market cap of $46.01 billion, a price-to-earnings ratio of 43.23, a PEG ratio of 1.54 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s payout ratio is currently 12.21%.

Howmet Aerospace Company 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.