Hantz Financial Services Inc. Acquires 599 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Hantz Financial Services Inc. raised its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 2.2% during the third quarter, HoldingsChannel.com reports. The fund owned 27,262 shares of the company’s stock after purchasing an additional 599 shares during the period. Hantz Financial Services Inc.’s holdings in Howmet Aerospace were worth $2,733,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vinva Investment Management Ltd grew its holdings in shares of Howmet Aerospace by 186.5% during the 3rd quarter. Vinva Investment Management Ltd now owns 46,525 shares of the company’s stock valued at $4,616,000 after purchasing an additional 30,285 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Howmet Aerospace by 36.8% in the third quarter. Public Sector Pension Investment Board now owns 20,455 shares of the company’s stock valued at $2,051,000 after buying an additional 5,500 shares in the last quarter. National Wealth Management Group LLC grew its stake in shares of Howmet Aerospace by 57.2% during the third quarter. National Wealth Management Group LLC now owns 13,055 shares of the company’s stock worth $1,309,000 after buying an additional 4,748 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Howmet Aerospace by 2.2% during the third quarter. MetLife Investment Management LLC now owns 107,199 shares of the company’s stock worth $10,747,000 after buying an additional 2,315 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of Howmet Aerospace in the 3rd quarter valued at $8,955,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Truist Financial raised their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a report on Thursday, November 7th. BTIG Research lifted their target price on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird lifted their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.41.

Howmet Aerospace Trading Up 1.4 %

NYSE:HWM opened at $118.38 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm has a fifty day simple moving average of $106.73 and a two-hundred day simple moving average of $93.77. The stock has a market capitalization of $48.09 billion, a price-to-earnings ratio of 45.18, a PEG ratio of 1.57 and a beta of 1.46. Howmet Aerospace Inc. has a 12 month low of $51.79 and a 12 month high of $119.28.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

About Howmet Aerospace

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.