Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,199 shares of the company’s stock after purchasing an additional 2,315 shares during the quarter. MetLife Investment Management LLC’s holdings in Howmet Aerospace were worth $10,747,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HWM. Lone Pine Capital LLC acquired a new position in Howmet Aerospace in the 2nd quarter valued at $284,539,000. TD Asset Management Inc boosted its holdings in shares of Howmet Aerospace by 16.9% in the second quarter. TD Asset Management Inc now owns 3,152,629 shares of the company’s stock valued at $244,739,000 after acquiring an additional 455,180 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Howmet Aerospace by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after acquiring an additional 114,457 shares during the period. Dimensional Fund Advisors LP raised its holdings in Howmet Aerospace by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company’s stock worth $163,218,000 after purchasing an additional 56,614 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Howmet Aerospace by 12.2% in the third quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock valued at $138,159,000 after purchasing an additional 150,387 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HWM has been the subject of several recent analyst reports. Sanford C. Bernstein raised their price target on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Susquehanna lifted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird upped their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.41.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $116.70 on Friday. The firm’s 50-day moving average is $106.31 and its two-hundred day moving average is $93.42. 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 stock 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. Howmet Aerospace Inc. has a 12-month low of $51.47 and a 12-month high of $119.28.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a $0.08 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.27%. Howmet Aerospace’s payout ratio is currently 12.21%.

Howmet Aerospace 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.