Hollencrest Capital Management Purchases Shares of 300 Howmet Aerospace Inc. (NYSE:HWM)

Hollencrest Capital Management acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 3rd quarter, Holdings Channel reports. The fund acquired 300 shares of the company’s stock, valued at approximately $30,000.

Other large investors have also modified their holdings of the company. Cultivar Capital Inc. acquired a new stake in Howmet Aerospace during the 2nd quarter worth $26,000. LGT Financial Advisors LLC increased its position in shares of 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 purchasing an additional 262 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Howmet Aerospace in the 2nd quarter valued at about $32,000. Versant Capital Management Inc boosted its position 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 valued at $34,000 after purchasing an additional 399 shares during the period. Finally, AlphaCentric Advisors LLC purchased a new position in Howmet Aerospace during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HWM. Robert W. Baird boosted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday. Susquehanna increased their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday. UBS Group raised their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their target price 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. Finally, Truist Financial raised their price target on Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $109.75.

Howmet Aerospace Stock Performance

Shares of HWM opened at $113.65 on Friday. The company has a quick ratio of 0.74, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 52-week low of $48.39 and a 52-week high of $115.38. The company has a 50-day simple moving average of $100.38 and a 200-day simple moving average of $89.27. The company has a market capitalization of $46.39 billion, a PE ratio of 43.38, a P/E/G ratio of 1.63 and a beta of 1.46.

Howmet Aerospace Announces Dividend

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

Insider Transactions at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This trade represents 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 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.