Transamerica Financial Advisors Inc. Acquires Shares of 59,233 Howmet Aerospace Inc. (NYSE:HWM)

Transamerica Financial Advisors Inc. bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the third quarter, HoldingsChannel reports. The firm bought 59,233 shares of the company’s stock, valued at approximately $5,939,000.

Several other hedge funds have also modified their holdings of HWM. Senator Investment Group LP grew its holdings in Howmet Aerospace by 24.8% during the second quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock worth $12,110,000 after acquiring an additional 31,000 shares during the period. Terra Nova Asset Management LLC purchased a new position in shares of Howmet Aerospace in the 3rd quarter valued at about $1,264,000. Wealthspire Advisors LLC purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $209,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Howmet Aerospace by 1,258.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after purchasing an additional 1,900 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in Howmet Aerospace by 135.9% during the third quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock worth $2,622,000 after buying an additional 15,070 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays increased their target price 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. Wells Fargo & Company lifted their price objective on Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Sanford C. Bernstein upped their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Truist Financial raised their price target on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird boosted 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. One 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’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 Trading Up 0.6 %

Shares of Howmet Aerospace stock traded up $0.64 during trading hours on Tuesday, reaching $116.48. 314,316 shares of the company’s stock were exchanged, compared to its average volume of 2,928,063. The firm has a market capitalization of $47.32 billion, a price-to-earnings ratio of 44.21, a price-to-earnings-growth ratio of 1.59 and a beta of 1.46. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 52-week low of $51.47 and a 52-week high of $119.28. The company has a fifty day moving average of $105.03 and a 200-day moving average of $92.83.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued 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 payout ratio is currently 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.