Sanctuary Advisors LLC Has $2.95 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Sanctuary Advisors LLC boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 49.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,460 shares of the company’s stock after buying an additional 9,707 shares during the period. Sanctuary Advisors LLC’s holdings in Howmet Aerospace were worth $2,953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Caprock Group LLC raised its holdings in Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after buying an additional 106 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Howmet Aerospace by 6.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock valued at $195,000 after purchasing an additional 124 shares during the period. OneDigital Investment Advisors LLC increased its holdings in shares of Howmet Aerospace by 2.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after purchasing an additional 124 shares during the period. Assetmark Inc. increased its holdings in shares of Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after purchasing an additional 126 shares during the period. Finally, Huntington National Bank increased its holdings in shares of Howmet Aerospace by 11.1% in the 3rd quarter. Huntington National Bank now owns 1,526 shares of the company’s stock valued at $153,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HWM. Susquehanna upped their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. Sanford C. Bernstein upped their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Bank of America upped their target price on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Truist Financial upped their target price on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.59.

Howmet Aerospace Stock Down 1.1 %

Shares of Howmet Aerospace stock opened at $112.00 on Wednesday. The stock has a market capitalization of $45.50 billion, a P/E ratio of 42.75, a PEG ratio of 1.56 and a beta of 1.48. 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 stock has a 50 day moving average price of $110.42 and a two-hundred day moving average price of $96.55. Howmet Aerospace Inc. has a 12-month low of $52.56 and a 12-month high of $120.71.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. Howmet Aerospace’s payout ratio is currently 12.21%.

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.