Kovitz Investment Group Partners LLC Raises Stake in Howmet Aerospace Inc. (NYSE:HWM)

Kovitz Investment Group Partners LLC increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 28.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,728 shares of the company’s stock after buying an additional 5,054 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Howmet Aerospace were worth $2,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. RFG Advisory LLC acquired a new position in Howmet Aerospace in the 2nd quarter valued at $209,000. Wedmont Private Capital increased its stake in Howmet Aerospace by 18.6% in the second quarter. Wedmont Private Capital now owns 6,147 shares of the company’s stock valued at $487,000 after purchasing an additional 966 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Howmet Aerospace by 21.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,511 shares of the company’s stock worth $1,204,000 after buying an additional 2,765 shares during the period. ORG Partners LLC acquired a new stake in Howmet Aerospace in the 2nd quarter worth about $120,000. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Howmet Aerospace by 121.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,169 shares of the company’s stock valued at $1,721,000 after buying an additional 12,170 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 3.9 %

HWM opened at $113.76 on Tuesday. The firm has a market capitalization of $46.21 billion, a P/E ratio of 43.35, a P/E/G ratio of 1.59 and a beta of 1.48. The firm’s 50 day moving average is $108.71 and its 200-day moving average is $95.10. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 52-week low of $52.36 and a 52-week high of $120.71.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were issued a $0.08 dividend. 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 0.28%. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Sanford C. Bernstein upped their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. UBS Group lifted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Susquehanna upped their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.41.

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.