Orion Portfolio Solutions LLC Buys 2,902 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Orion Portfolio Solutions LLC boosted its stake in Howmet Aerospace Inc. (NYSE:HWM) by 25.3% in the third quarter, HoldingsChannel reports. The firm owned 14,373 shares of the company’s stock after acquiring an additional 2,902 shares during the period. Orion Portfolio Solutions LLC’s holdings in Howmet Aerospace were worth $1,441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cultivar Capital Inc. bought a new stake in shares of Howmet Aerospace in the second quarter worth $26,000. RiverPark Advisors LLC bought a new position in Howmet Aerospace in the 3rd quarter worth approximately $26,000. LGT Financial Advisors LLC lifted its stake in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares in the last quarter. Hollencrest Capital Management bought a new stake in Howmet Aerospace in the 3rd quarter worth approximately $30,000. Finally, Rothschild Investment LLC purchased a new stake in Howmet Aerospace during the second quarter valued at $32,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $113.47 on Friday. The stock’s 50 day moving average is $110.03 and its 200-day moving average is $95.99. The company has a market capitalization of $46.10 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 1.56 and a beta of 1.48. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 12 month low of $52.36 and a 12 month high of $120.71.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.21%.

Analysts Set New Price Targets

A number of research analysts have recently commented on HWM shares. Wells Fargo & Company upped their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays upped their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Bank of America lifted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Susquehanna lifted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Finally, Truist Financial raised their price objective on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.59.

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.