Chase Investment Counsel Corp Acquires 1,030 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Chase Investment Counsel Corp raised its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 2.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,844 shares of the company’s stock after buying an additional 1,030 shares during the period. Howmet Aerospace comprises approximately 1.7% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 25th biggest holding. Chase Investment Counsel Corp’s holdings in Howmet Aerospace were worth $5,197,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HWM. Lone Pine Capital LLC bought a new stake in Howmet Aerospace in the 2nd quarter valued at $284,539,000. Price T Rowe Associates Inc. MD lifted 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 buying an additional 3,158,186 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Howmet Aerospace by 18.7% during the 1st quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock worth $1,223,358,000 after buying an additional 2,813,911 shares during the period. TD Asset Management Inc grew its stake in Howmet Aerospace by 986.0% in the 1st quarter. TD Asset Management Inc now owns 2,697,449 shares of the company’s stock valued at $184,586,000 after buying an additional 2,449,057 shares during the last quarter. Finally, Capital Research Global Investors bought a new position in Howmet Aerospace in the 1st quarter valued at about $148,996,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $113.56 on Wednesday. The stock has a 50-day moving average price of $101.15 and a two-hundred day moving average price of $90.30. Howmet Aerospace Inc. has a 12 month low of $49.36 and a 12 month high of $115.98. The company has a market capitalization of $46.13 billion, a PE ratio of 43.34, a P/E/G ratio of 1.56 and a beta of 1.46. 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 Dividend Announcement

The firm 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. The ex-dividend date of this dividend is 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 (DPR) is presently 12.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HWM shares. Susquehanna increased their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Truist Financial lifted 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. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.19.

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.