7,891 Shares in Howmet Aerospace Inc. (NYSE:HWM) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 7,891 shares of the company’s stock, valued at approximately $791,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co increased its position in shares of Howmet Aerospace by 2.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 132,493 shares of the company’s stock valued at $9,069,000 after acquiring an additional 3,234 shares during the last quarter. Pitcairn Co. acquired a new position in shares of Howmet Aerospace during the 1st quarter worth approximately $232,000. 1832 Asset Management L.P. increased its position in shares of Howmet Aerospace by 369.5% during the 1st quarter. 1832 Asset Management L.P. now owns 272,554 shares of the company’s stock worth $18,651,000 after purchasing an additional 214,500 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Howmet Aerospace by 28.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after purchasing an additional 3,158,186 shares in the last quarter. Finally, Morse Asset Management Inc boosted its holdings in shares of Howmet Aerospace by 15.0% in the 1st quarter. Morse Asset Management Inc now owns 17,968 shares of the company’s stock valued at $1,230,000 after buying an additional 2,348 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 1.2 %

NYSE HWM opened at $118.44 on Friday. The business has a fifty day moving average price of $104.62 and a two-hundred day moving average price of $92.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a fifty-two week low of $51.47 and a fifty-two week high of $119.28. The stock has a market capitalization of $48.12 billion, a PE ratio of 45.21, a PEG ratio of 1.56 and a beta of 1.46.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.21%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HWM shares. JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Truist Financial upped their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a report on Thursday, November 7th. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. BTIG Research upped 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. Finally, Robert W. Baird raised their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.