QRG Capital Management Inc. Raises Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

QRG Capital Management Inc. increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 13.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,186 shares of the company’s stock after purchasing an additional 718 shares during the quarter. QRG Capital Management Inc.’s holdings in Howmet Aerospace were worth $620,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HWM. Janney Montgomery Scott LLC increased its position in shares of Howmet Aerospace by 8.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 23,347 shares of the company’s stock valued at $1,598,000 after purchasing an additional 1,882 shares during the last quarter. Quantbot Technologies LP grew its position in Howmet Aerospace by 76.4% in the 1st quarter. Quantbot Technologies LP now owns 17,760 shares of the company’s stock valued at $1,215,000 after acquiring an additional 7,693 shares during the last quarter. Empowered Funds LLC grew its position in Howmet Aerospace by 323.3% in the 1st quarter. Empowered Funds LLC now owns 19,828 shares of the company’s stock valued at $1,357,000 after acquiring an additional 15,144 shares during the last quarter. Atomi Financial Group Inc. grew its position in Howmet Aerospace by 13.0% in the 1st quarter. Atomi Financial Group Inc. now owns 4,567 shares of the company’s stock valued at $313,000 after acquiring an additional 527 shares during the last quarter. Finally, NorthRock Partners LLC bought a new position in Howmet Aerospace in the 1st quarter valued at $224,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 2.3 %

Shares of NYSE HWM opened at $113.65 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.74. The stock has a market capitalization of $46.39 billion, a P/E ratio of 43.38, a price-to-earnings-growth ratio of 1.63 and a beta of 1.46. Howmet Aerospace Inc. has a 1-year low of $48.39 and a 1-year high of $115.38. The business has a fifty day moving average price of $100.38 and a 200 day moving average price of $89.27.

Howmet Aerospace Dividend Announcement

The business 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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.21%.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on HWM shares. Barclays upped their price objective on Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Truist Financial upped their price objective on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday. Susquehanna upped their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $109.75.

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.