DRW Securities LLC Acquires New Position in Howmet Aerospace Inc. (NYSE:HWM)

DRW Securities LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,015 shares of the company’s stock, valued at approximately $603,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Independent Advisor Alliance purchased a new stake in Howmet Aerospace in the 3rd quarter valued at about $2,342,000. Daiwa Securities Group Inc. increased its position in Howmet Aerospace by 14.3% during the third quarter. Daiwa Securities Group Inc. now owns 48,260 shares of the company’s stock worth $4,838,000 after purchasing an additional 6,034 shares during the last quarter. Summit Trail Advisors LLC raised its stake in Howmet Aerospace by 25.0% during the third quarter. Summit Trail Advisors LLC now owns 3,700 shares of the company’s stock worth $371,000 after purchasing an additional 739 shares during the period. Larson Financial Group LLC raised its stake in Howmet Aerospace by 99.2% during the third quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock worth $52,000 after purchasing an additional 259 shares during the period. Finally, WESPAC Advisors LLC acquired a new position in shares of Howmet Aerospace in the 3rd quarter valued at $907,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Up 1.2 %

Shares of NYSE HWM opened at $117.18 on Wednesday. The firm has a market cap of $47.61 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 1.59 and a beta of 1.46. Howmet Aerospace Inc. has a 1 year low of $51.47 and a 1 year high of $119.28. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The stock’s 50-day simple moving average is $105.49 and its 200-day simple moving average is $93.09.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders 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 was Friday, November 8th. Howmet Aerospace’s payout ratio is 12.21%.

Analyst Upgrades and Downgrades

HWM has been the topic of a number of research analyst reports. BTIG Research lifted their target price on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a report on Monday, August 5th. UBS Group boosted 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. Sanford C. Bernstein raised their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Barclays increased their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.41.

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.