Principal Financial Group Inc. Buys 35,601 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Principal Financial Group Inc. increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 484,345 shares of the company’s stock after acquiring an additional 35,601 shares during the quarter. Principal Financial Group Inc.’s holdings in Howmet Aerospace were worth $48,556,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. RiverPark Advisors LLC bought a new stake in shares of Howmet Aerospace during the third quarter worth approximately $26,000. LGT Financial Advisors LLC lifted its holdings 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 last quarter. Hollencrest Capital Management bought a new stake in Howmet Aerospace in the 3rd quarter valued at $30,000. Rothschild Investment LLC bought a new position in Howmet Aerospace during the 2nd quarter worth $32,000. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of Howmet Aerospace during the second quarter worth $36,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $110.83 on Monday. The company’s 50 day moving average price is $110.79 and its two-hundred day moving average price is $97.00. The firm has a market capitalization of $45.03 billion, a P/E ratio of 42.30, a P/E/G ratio of 1.56 and a beta of 1.48. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a fifty-two week low of $52.56 and a fifty-two week high of $120.71.

Howmet Aerospace Dividend Announcement

The company 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. The ex-dividend date was Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.29%. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

Analyst Upgrades and Downgrades

HWM has been the topic of a number of recent research reports. Barclays raised their price target 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. Robert W. Baird lifted their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. UBS Group increased their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Truist Financial upped their target price 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, Susquehanna raised their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.59.

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.