Hollencrest Capital Management Invests $30,000 in Howmet Aerospace Inc. (NYSE:HWM)

Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 300 shares of the company’s stock, valued at approximately $30,000.

A number of other hedge funds also recently bought and sold shares of the business. Cultivar Capital Inc. purchased a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $26,000. LGT Financial Advisors LLC boosted its stake in 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 buying an additional 262 shares during the last quarter. Rothschild Investment LLC purchased a new stake in Howmet Aerospace in the 2nd quarter valued at $32,000. Versant Capital Management Inc increased its stake in shares of Howmet Aerospace by 1,209.1% in the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock worth $34,000 after acquiring an additional 399 shares during the last quarter. Finally, AlphaCentric Advisors LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Transactions at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares in the company, valued at $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

Howmet Aerospace Trading Up 2.3 %

NYSE HWM opened at $113.65 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.74 and a current ratio of 2.24. The firm has a market cap of $46.39 billion, a price-to-earnings ratio of 43.38, a PEG ratio of 1.63 and a beta of 1.46. The firm has a 50 day simple moving average of $100.38 and a 200-day simple moving average of $89.27. Howmet Aerospace Inc. has a one year low of $48.39 and a one year high of $115.38.

Howmet Aerospace Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Royal Bank of Canada lifted their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday. Robert W. Baird raised their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Barclays lifted their target price on Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $109.75.

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.