RPg Family Wealth Advisory LLC Acquires New Position in Howmet Aerospace Inc. (NYSE:HWM)

RPg Family Wealth Advisory LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM) during the third quarter, Holdings Channel reports. The institutional investor bought 89,330 shares of the company’s stock, valued at approximately $8,955,000. Howmet Aerospace comprises about 2.6% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HWM. Cultivar Capital Inc. bought a new position in shares of Howmet Aerospace during the second quarter worth about $26,000. RiverPark Advisors LLC acquired a new position in Howmet Aerospace during the 3rd quarter valued at about $26,000. LGT Financial Advisors LLC grew its position in Howmet Aerospace by 278.7% in 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 acquired a new stake in shares of Howmet Aerospace in the third quarter valued at approximately $30,000. Finally, Rothschild Investment LLC bought a new stake in shares of Howmet Aerospace during the second quarter valued at approximately $32,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $117.60 on Wednesday. The company has a market capitalization of $47.78 billion, a price-to-earnings ratio of 44.73, a P/E/G ratio of 1.56 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 current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The stock’s fifty day simple moving average is $105.49 and its 200-day simple moving average is $93.09.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders 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 12.21%.

Analyst Ratings Changes

HWM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Sanford C. Bernstein upped their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Royal Bank of Canada increased their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Truist Financial boosted their price target on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” 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 given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $115.41.

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.