Summit Trail Advisors LLC Acquires 739 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Summit Trail Advisors LLC boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 25.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,700 shares of the company’s stock after acquiring an additional 739 shares during the period. Summit Trail Advisors LLC’s holdings in Howmet Aerospace were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Lone Pine Capital LLC bought a new position in Howmet Aerospace during the 2nd quarter worth $284,539,000. TD Asset Management Inc increased its position in Howmet Aerospace by 16.9% during the 2nd quarter. TD Asset Management Inc now owns 3,152,629 shares of the company’s stock worth $244,739,000 after buying an additional 455,180 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Howmet Aerospace by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after purchasing an additional 114,457 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Howmet Aerospace by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company’s stock worth $163,218,000 after purchasing an additional 56,614 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in shares of Howmet Aerospace by 12.2% in the third quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock worth $138,159,000 after purchasing an additional 150,387 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HWM shares. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their price target on Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Sanford C. Bernstein lifted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Finally, BTIG Research lifted their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $115.41.

Howmet Aerospace Trading Down 0.4 %

NYSE HWM opened at $116.69 on Thursday. The company has a market cap of $47.41 billion, a price-to-earnings ratio of 44.54, a P/E/G ratio of 1.56 and a beta of 1.46. Howmet Aerospace Inc. has a 52 week low of $51.47 and a 52 week high of $119.28. The business has a 50 day moving average price of $105.93 and a 200-day moving average price of $93.25. 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 Announces Dividend

The business also recently announced 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. 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 12.21%.

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.