Claro Advisors LLC Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Claro Advisors LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 3,617 shares of the company’s stock, valued at approximately $363,000.

A number of other institutional investors also recently bought and sold shares of HWM. Senator Investment Group LP boosted its position in 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 acquiring an additional 31,000 shares in the last quarter. Terra Nova Asset Management LLC purchased a new position in shares of Howmet Aerospace in the 3rd quarter valued at approximately $1,264,000. Wealthspire Advisors LLC bought a new stake in shares of Howmet Aerospace during the second quarter valued at approximately $209,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Howmet Aerospace by 1,258.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after purchasing an additional 1,900 shares during the period. Finally, Blair William & Co. IL raised its holdings in Howmet Aerospace by 51.6% in the first quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock worth $1,744,000 after purchasing an additional 8,676 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The trade was a 43.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This trade represents a 49.96 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on HWM. Barclays boosted their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Susquehanna boosted their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. BTIG Research upped their price objective on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, August 5th. UBS Group lifted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Price Performance

NYSE HWM opened at $113.17 on Tuesday. Howmet Aerospace Inc. has a one year low of $51.22 and a one year high of $116.74. The stock has a 50-day moving average of $102.76 and a 200 day moving average of $91.54. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The company has a market capitalization of $45.98 billion, a price-to-earnings ratio of 43.19, a PEG ratio of 1.50 and a beta of 1.46.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. Howmet Aerospace’s dividend payout ratio 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.