Empirical Finance LLC Acquires 265 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Empirical Finance LLC boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,115 shares of the company’s stock after purchasing an additional 265 shares during the period. Empirical Finance LLC’s holdings in Howmet Aerospace were worth $1,315,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HWM. CIBC Asset Management Inc increased its holdings in shares of Howmet Aerospace by 12.4% in the third quarter. CIBC Asset Management Inc now owns 59,541 shares of the company’s stock worth $5,969,000 after buying an additional 6,587 shares during the period. OneDigital Investment Advisors LLC grew its position in Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock worth $527,000 after acquiring an additional 124 shares during the last quarter. ING Groep NV increased its stake in Howmet Aerospace by 51.1% in the 3rd quarter. ING Groep NV now owns 104,086 shares of the company’s stock worth $10,435,000 after purchasing an additional 35,206 shares during the period. Metis Global Partners LLC lifted its position in Howmet Aerospace by 31.5% in the third quarter. Metis Global Partners LLC now owns 16,095 shares of the company’s stock valued at $1,614,000 after purchasing an additional 3,857 shares during the last quarter. Finally, Curi RMB Capital LLC purchased a new stake in shares of Howmet Aerospace during the third quarter valued at approximately $214,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $112.01 on Friday. Howmet Aerospace Inc. has a twelve month low of $51.22 and a twelve month high of $116.74. 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 company has a market capitalization of $45.51 billion, a P/E ratio of 42.75, a PEG ratio of 1.57 and a beta of 1.46. The stock’s 50 day moving average is $102.37 and its 200 day moving average is $90.95.

Howmet Aerospace Announces Dividend

The business also recently announced 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 0.29%. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Insider Activity

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

Wall Street Analysts Forecast Growth

HWM has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Barclays boosted their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Royal Bank of Canada lifted their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock 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.