Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,260 shares of the company’s stock after buying an additional 124 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Howmet Aerospace were worth $527,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cultivar Capital Inc. acquired a new stake in Howmet Aerospace during the second quarter worth approximately $26,000. LGT Financial Advisors LLC boosted its holdings 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 during the last quarter. Hollencrest Capital Management purchased a new stake in shares of Howmet Aerospace in the third quarter valued at $30,000. Rothschild Investment LLC acquired a new position in Howmet Aerospace in the second quarter valued at $32,000. Finally, Versant Capital Management Inc lifted its position in Howmet Aerospace by 1,209.1% during the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock worth $34,000 after buying an additional 399 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM opened at $118.10 on Thursday. The company has a 50-day moving average of $103.70 and a 200-day moving average of $91.99. Howmet Aerospace Inc. has a 1-year low of $51.29 and a 1-year high of $118.20. The company has a market capitalization of $47.98 billion, a P/E ratio of 45.08, a PEG ratio of 1.50 and a beta of 1.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

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 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 yield of 0.27%. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Susquehanna upped their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. BTIG Research boosted their price objective on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, August 5th. UBS Group upped their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $115.41.

Insider Activity

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated 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 owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. This trade represents a 43.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.12% of the company’s stock.

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.