Schroder Investment Management Group decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 19.8% in the third quarter, HoldingsChannel.com reports. The fund owned 3,047,681 shares of the company’s stock after selling 752,240 shares during the quarter. Schroder Investment Management Group’s holdings in Howmet Aerospace were worth $584,911,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Traub Capital Management LLC purchased a new position in Howmet Aerospace in the 2nd quarter worth approximately $25,000. Winnow Wealth LLC purchased a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. grew its holdings in Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after buying an additional 73 shares in the last quarter. Tradewinds Capital Management LLC raised its position in shares of Howmet Aerospace by 52.0% during the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after buying an additional 52 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Howmet Aerospace during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Stock Down 0.9%
Shares of NYSE HWM opened at $250.10 on Monday. The company has a current ratio of 2.13, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Howmet Aerospace Inc. has a 12-month low of $105.04 and a 12-month high of $267.31. The firm’s 50-day moving average price is $229.24 and its 200-day moving average price is $206.32. The stock has a market capitalization of $100.28 billion, a price-to-earnings ratio of 67.41, a P/E/G ratio of 2.32 and a beta of 1.21.
Howmet Aerospace Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is currently 12.94%.
Analysts Set New Price Targets
HWM has been the subject of a number of research reports. Jefferies Financial Group restated a “buy” rating and set a $315.00 target price on shares of Howmet Aerospace in a research report on Sunday, February 15th. Susquehanna increased their price objective on shares of Howmet Aerospace from $255.00 to $290.00 and gave the company a “positive” rating in a report on Friday, February 13th. The Goldman Sachs Group set a $228.00 price objective on Howmet Aerospace in a research report on Tuesday, February 17th. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $227.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, BTIG Research lifted their price objective on Howmet Aerospace from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $252.95.
Read Our Latest Stock Analysis on HWM
Insider Buying and Selling at Howmet Aerospace
In related news, VP Barbara Lou Shultz sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $260.00, for a total value of $260,000.00. Following the completion of the sale, the vice president directly owned 23,874 shares in the company, valued at $6,207,240. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Neil Edward Marchuk sold 45,150 shares of Howmet Aerospace stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $251.70, for a total transaction of $11,364,255.00. Following the transaction, the executive vice president directly owned 107,008 shares of the company’s stock, valued at $26,933,913.60. The trade was a 29.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.04% of the company’s stock.
About Howmet Aerospace
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.
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