Capital Group Investment Management PTE. LTD. cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 19.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,953 shares of the company’s stock after selling 3,357 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in Howmet Aerospace were worth $2,738,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Traub Capital Management LLC bought a new position in Howmet Aerospace during the second quarter valued at about $25,000. Winnow Wealth LLC bought a new stake in Howmet Aerospace in the second quarter worth about $25,000. Newbridge Financial Services Group Inc. raised its position in Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after acquiring an additional 73 shares in the last quarter. Tradewinds Capital Management LLC lifted its holdings in Howmet Aerospace by 52.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after acquiring an additional 52 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Howmet Aerospace in the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Trading Up 1.6%
Shares of NYSE:HWM opened at $254.07 on Tuesday. The firm has a fifty day moving average of $230.14 and a two-hundred day moving average of $206.89. The company has a quick ratio of 1.09, a current ratio of 2.13 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 has a market capitalization of $101.87 billion, a P/E ratio of 68.48, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20.
Howmet Aerospace Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, February 6th. Howmet Aerospace’s dividend payout ratio is presently 12.94%.
Analysts Set New Price Targets
Several research firms have recently weighed in on HWM. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Thursday, January 22nd. Susquehanna boosted their target price on shares of Howmet Aerospace from $255.00 to $290.00 and gave the stock a “positive” rating in a report on Friday, February 13th. Sanford C. Bernstein reissued an “outperform” rating and set a $280.00 target price on shares of Howmet Aerospace in a research note on Tuesday, February 17th. Wall Street Zen upgraded Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Finally, Deutsche Bank Aktiengesellschaft set a $278.00 target price on Howmet Aerospace and gave the stock a “buy” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.95.
View Our Latest Stock Report on HWM
Insider Transactions at Howmet Aerospace
In related news, EVP Neil Edward Marchuk sold 45,150 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $251.70, for a total value of $11,364,255.00. Following the completion of the sale, the executive vice president owned 107,008 shares of the company’s stock, valued at approximately $26,933,913.60. The trade was a 29.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the vice president owned 23,874 shares in the company, valued at $6,207,240. This represents a 4.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.12% of the stock is owned by company insiders.
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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