Oppenheimer Asset Management Inc. Buys 737 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Oppenheimer Asset Management Inc. grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,317 shares of the company’s stock after acquiring an additional 737 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Howmet Aerospace were worth $7,250,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in Howmet Aerospace during the 1st quarter valued at about $75,000. Russell Investments Group Ltd. increased its position in shares of Howmet Aerospace by 37.6% during the first quarter. Russell Investments Group Ltd. now owns 270,300 shares of the company’s stock valued at $18,497,000 after acquiring an additional 73,908 shares in the last quarter. Avantax Advisory Services Inc. purchased a new position in Howmet Aerospace in the 1st quarter worth approximately $259,000. Bleakley Financial Group LLC lifted its position in Howmet Aerospace by 3.2% in the 1st quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock valued at $348,000 after acquiring an additional 158 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Howmet Aerospace by 18.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 452,643 shares of the company’s stock valued at $30,974,000 after purchasing an additional 69,662 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Howmet Aerospace

In other news, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. The trade was a 49.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This represents a 43.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $113.25 on Friday. The stock has a 50-day simple moving average of $101.58 and a two-hundred day simple moving average of $90.48. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a 52-week low of $51.22 and a 52-week high of $116.74. The firm has a market capitalization of $46.01 billion, a PE ratio of 43.23, a P/E/G ratio of 1.54 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s payout ratio is 12.21%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group boosted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird upped their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average 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.