RPg Family Wealth Advisory LLC Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

RPg Family Wealth Advisory LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 89,330 shares of the company’s stock, valued at approximately $8,955,000. Howmet Aerospace accounts for approximately 2.6% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cultivar Capital Inc. acquired a new position in Howmet Aerospace during the second quarter valued at approximately $26,000. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace during the 3rd quarter valued at $26,000. LGT Financial Advisors LLC boosted its position in Howmet Aerospace by 278.7% during the 2nd 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 Howmet Aerospace in the 3rd quarter valued at $30,000. Finally, Rothschild Investment LLC acquired a new stake in Howmet Aerospace in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HWM. JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Susquehanna upped their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted 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. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target 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. One equities research 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, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $115.41.

Howmet Aerospace Stock Up 0.4 %

Shares of Howmet Aerospace stock opened at $117.60 on Wednesday. The business has a 50-day moving average price of $105.49 and a 200 day moving average price of $93.09. Howmet Aerospace Inc. has a fifty-two week low of $51.47 and a fifty-two week high of $119.28. The firm has a market cap of $47.78 billion, a P/E ratio of 44.73, a P/E/G ratio of 1.56 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace’s dividend 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.