Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 186.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,525 shares of the company’s stock after acquiring an additional 30,285 shares during the quarter. Vinva Investment Management Ltd’s holdings in Howmet Aerospace were worth $4,616,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HWM. Cultivar Capital Inc. acquired a new stake in Howmet Aerospace in the second quarter worth about $26,000. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace during the third quarter worth about $26,000. LGT Financial Advisors LLC lifted its holdings in shares of Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares during the period. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace during the third quarter worth about $30,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Howmet Aerospace during the second quarter worth about $32,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of research reports. 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. UBS Group lifted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Barclays lifted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein lifted their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.41.

Howmet Aerospace Stock Down 0.4 %

Howmet Aerospace stock opened at $116.70 on Friday. The stock has a market capitalization of $47.41 billion, a PE ratio of 44.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46. Howmet Aerospace Inc. has a 12 month low of $51.47 and a 12 month high of $119.28. The business has a 50 day simple moving average of $106.31 and a 200-day simple moving average of $93.42. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given 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 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.