Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by Assetmark Inc.

Assetmark Inc. grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 40.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 441 shares of the company’s stock after acquiring an additional 126 shares during the period. Assetmark Inc.’s holdings in Howmet Aerospace were worth $44,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hollencrest Capital Management purchased a new position in shares of Howmet Aerospace during the 3rd quarter valued at approximately $30,000. Cultivar Capital Inc. acquired a new position in shares of Howmet Aerospace in the second quarter worth about $26,000. LGT Financial Advisors LLC boosted its stake in shares of Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Howmet Aerospace during the 2nd quarter valued at about $32,000. Finally, Versant Capital Management Inc grew its position in shares of Howmet Aerospace by 1,209.1% during the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after acquiring an additional 399 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HWM shares. Royal Bank of Canada increased their price target on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Truist Financial upped their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. 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 research report on Thursday, November 7th. Finally, Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Stock Up 1.0 %

Shares of NYSE:HWM opened at $113.17 on Tuesday. Howmet Aerospace Inc. has a 52-week low of $51.22 and a 52-week high of $116.74. The stock has a market cap of $45.98 billion, a P/E ratio of 43.19, a PEG ratio of 1.50 and a beta of 1.46. The business has a fifty day moving average of $102.76 and a two-hundred day moving average of $91.54. 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 Announces Dividend

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