Hantz Financial Services Inc. Sells 6,327 Shares of Howmet Aerospace Inc. $HWM

Hantz Financial Services Inc. decreased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 25.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 18,630 shares of the company’s stock after selling 6,327 shares during the period. Hantz Financial Services Inc.’s holdings in Howmet Aerospace were worth $3,656,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Howmet Aerospace during the 2nd quarter worth approximately $1,633,157,000. JPMorgan Chase & Co. increased its position in shares of Howmet Aerospace by 30.1% during the second quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after buying an additional 7,356,077 shares during the period. American Century Companies Inc. boosted its position in Howmet Aerospace by 51.8% during the second quarter. American Century Companies Inc. now owns 3,635,999 shares of the company’s stock valued at $676,769,000 after acquiring an additional 1,240,071 shares during the last quarter. Nordea Investment Management AB boosted its position in Howmet Aerospace by 1,340.2% during the second quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock valued at $163,137,000 after acquiring an additional 819,040 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in Howmet Aerospace by 68.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,915,955 shares of the company’s stock worth $356,617,000 after acquiring an additional 780,896 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $209.48 on Friday. Howmet Aerospace Inc. has a twelve month low of $105.04 and a twelve month high of $226.87. The stock’s 50 day moving average is $208.14 and its 200-day moving average is $196.01. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $84.22 billion, a price-to-earnings ratio of 58.84, a PEG ratio of 1.98 and a beta of 1.26.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 6th. Howmet Aerospace’s dividend payout ratio (DPR) is 13.48%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HWM. BNP Paribas Exane started coverage on Howmet Aerospace in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price objective on the stock. Royal Bank Of Canada boosted their price target on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $247.00 price objective on shares of Howmet Aerospace in a research report on Tuesday, January 6th. UBS Group lifted their price objective on shares of Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, The Goldman Sachs Group boosted their target price on shares of Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $224.53.

Howmet Aerospace Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.