Pathstone Holdings LLC Has $4.86 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Pathstone Holdings LLC boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 48,476 shares of the company’s stock after buying an additional 1,940 shares during the period. Pathstone Holdings LLC’s holdings in Howmet Aerospace were worth $4,860,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Lone Pine Capital LLC acquired a new stake in shares of Howmet Aerospace during the second quarter worth $284,539,000. Price T Rowe Associates Inc. MD raised its stake in shares of Howmet Aerospace by 28.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock valued at $966,959,000 after purchasing an additional 3,158,186 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Howmet Aerospace by 1,168.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company’s stock valued at $90,175,000 after purchasing an additional 1,070,049 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Howmet Aerospace by 341.7% during the second quarter. Renaissance Technologies LLC now owns 709,400 shares of the company’s stock worth $55,071,000 after buying an additional 548,800 shares during the period. Finally, Natixis Advisors LLC boosted its position in shares of Howmet Aerospace by 579.8% during the second quarter. Natixis Advisors LLC now owns 592,463 shares of the company’s stock worth $45,993,000 after buying an additional 505,306 shares during the period. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Robert W. Baird boosted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Truist Financial raised their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Barclays increased their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Susquehanna lifted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.41.

Howmet Aerospace Price Performance

Shares of HWM opened at $118.44 on Friday. The company’s 50-day moving average is $104.62 and its 200-day moving average is $92.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market capitalization of $48.12 billion, a PE ratio of 45.21, a PEG ratio of 1.56 and a beta of 1.46. Howmet Aerospace Inc. has a fifty-two week low of $51.47 and a fifty-two week high of $119.28.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.27%. Howmet Aerospace’s dividend payout ratio (DPR) 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.