Summit Trail Advisors LLC Increases Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Summit Trail Advisors LLC boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 25.0% during the 3rd quarter, Holdings Channel reports. The firm owned 3,700 shares of the company’s stock after acquiring an additional 739 shares during the period. Summit Trail Advisors LLC’s holdings in Howmet Aerospace were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Senator Investment Group LP lifted its position in shares of Howmet Aerospace by 24.8% during the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after buying an additional 31,000 shares during the last quarter. Terra Nova Asset Management LLC purchased a new position in shares of Howmet Aerospace during the 3rd quarter valued at $1,264,000. Wealthspire Advisors LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at $209,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Howmet Aerospace by 1,258.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after buying an additional 1,900 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Howmet Aerospace by 135.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock valued at $2,622,000 after buying an additional 15,070 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $116.69 on Thursday. 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 firm has a market capitalization of $47.41 billion, a P/E ratio of 44.54, a P/E/G ratio of 1.56 and a beta of 1.46. The stock’s 50-day simple moving average is $105.93 and its two-hundred day simple moving average is $93.25. Howmet Aerospace Inc. has a twelve month low of $51.47 and a twelve month high of $119.28.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.08 per share. The ex-dividend date was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.21%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays upped their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. BTIG Research boosted their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Susquehanna boosted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Bank of America boosted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Sanford C. Bernstein boosted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average price target of $115.41.

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.