B. Metzler seel. Sohn & Co. AG cut its position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 18.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 274,021 shares of the company’s stock after selling 63,756 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned about 0.07% of Howmet Aerospace worth $53,771,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock valued at $279,000 after acquiring an additional 130 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Howmet Aerospace during the 1st quarter worth $399,000. Sivia Capital Partners LLC bought a new position in shares of Howmet Aerospace in the second quarter worth $216,000. Crestwood Advisors Group LLC acquired a new position in Howmet Aerospace in the second quarter valued at about $266,000. Finally, Moors & Cabot Inc. acquired a new position in Howmet Aerospace in the second quarter valued at about $265,000. 90.46% of the stock is owned by institutional investors and hedge funds.
Howmet Aerospace Stock Down 0.9%
Shares of Howmet Aerospace stock opened at $250.10 on Friday. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $267.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.13 and a quick ratio of 1.09. The stock’s 50-day moving average is $229.24 and its 200 day moving average is $206.08. The firm has a market cap of $100.28 billion, a price-to-earnings ratio of 67.41, a PEG ratio of 2.32 and a beta of 1.21.
Howmet Aerospace Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors 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 presently 12.94%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on HWM shares. Bank of America upped their price target on shares of Howmet Aerospace from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 20th. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $227.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Citigroup boosted their price objective on shares of Howmet Aerospace from $255.00 to $283.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. BTIG Research upped their target price on Howmet Aerospace from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $315.00 target price on shares of Howmet Aerospace in a report on Sunday, February 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $252.95.
Get Our Latest Research Report on HWM
Insider Buying and Selling at Howmet Aerospace
In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,000 shares of Howmet Aerospace stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $260.00, for a total transaction of $260,000.00. Following the transaction, the vice president directly owned 23,874 shares of the company’s stock, valued at $6,207,240. The trade was a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Neil Edward Marchuk sold 45,150 shares of the business’s stock in a transaction dated 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 owned 107,008 shares in the company, valued at approximately $26,933,913.60. This trade represents a 29.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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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