Huntington National Bank Boosts Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Huntington National Bank increased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,526 shares of the company’s stock after purchasing an additional 152 shares during the period. Huntington National Bank’s holdings in Howmet Aerospace were worth $153,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Avantax Advisory Services Inc. bought a new stake in shares of Howmet Aerospace in the 1st quarter worth about $259,000. Blair William & Co. IL increased its stake in Howmet Aerospace by 51.6% during the first quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock worth $1,744,000 after acquiring an additional 8,676 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Howmet Aerospace by 9.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 33,180 shares of the company’s stock valued at $2,271,000 after purchasing an additional 2,802 shares during the period. UniSuper Management Pty Ltd raised its position in Howmet Aerospace by 371.7% during the first quarter. UniSuper Management Pty Ltd now owns 18,617 shares of the company’s stock valued at $1,274,000 after purchasing an additional 14,670 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Howmet Aerospace by 2.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 132,493 shares of the company’s stock valued at $9,069,000 after purchasing an additional 3,234 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 1.1 %

Shares of NYSE HWM opened at $112.01 on Monday. Howmet Aerospace Inc. has a twelve month low of $51.22 and a twelve month high of $116.74. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $102.37 and a two-hundred day simple moving average of $91.29. The firm has a market cap of $45.51 billion, a PE ratio of 42.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.21%.

Analyst Ratings Changes

HWM has been the topic of several analyst reports. UBS Group boosted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price objective 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. Royal Bank of Canada raised their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.41.

Insiders Place Their Bets

In other news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This represents a 49.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. The trade was a 43.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.

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.