Aberdeen Group plc trimmed its stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,381 shares of the company’s stock after selling 3,958 shares during the period. Aberdeen Group plc owned approximately 0.09% of Howmet Aerospace worth $70,605,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HWM. Burns J W & Co. Inc. NY lifted its holdings in shares of Howmet Aerospace by 2.6% during the fourth quarter. Burns J W & Co. Inc. NY now owns 1,949 shares of the company’s stock worth $400,000 after purchasing an additional 49 shares during the period. Global Trust Asset Management LLC raised its position in Howmet Aerospace by 1.2% during the 3rd quarter. Global Trust Asset Management LLC now owns 4,110 shares of the company’s stock worth $807,000 after purchasing an additional 50 shares during the last quarter. Earned Wealth Advisors LLC lifted its holdings in Howmet Aerospace by 1.0% during the 4th quarter. Earned Wealth Advisors LLC now owns 5,023 shares of the company’s stock worth $1,030,000 after buying an additional 50 shares during the period. REAP Financial Group LLC grew its position in shares of Howmet Aerospace by 24.1% in the 3rd quarter. REAP Financial Group LLC now owns 263 shares of the company’s stock valued at $52,000 after buying an additional 51 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Howmet Aerospace by 1.7% in the third quarter. Parallel Advisors LLC now owns 3,134 shares of the company’s stock valued at $615,000 after buying an additional 51 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Howmet Aerospace Price Performance
NYSE HWM opened at $232.86 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.13 and a debt-to-equity ratio of 0.53. The company has a market cap of $93.36 billion, a PE ratio of 62.77, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $267.31. The firm’s 50-day simple moving average is $238.06 and its two-hundred day simple moving average is $214.29.
Howmet Aerospace Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th were issued 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 was Friday, February 6th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.94%.
Analyst Ratings Changes
HWM has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $280.00 price objective on shares of Howmet Aerospace in a research note on Friday, February 13th. Citigroup dropped their price target on shares of Howmet Aerospace from $283.00 to $271.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group set a $228.00 price objective on shares of Howmet Aerospace in a research note on Tuesday, February 17th. BTIG Research reiterated a “buy” rating and set a $275.00 price objective on shares of Howmet Aerospace in a research report on Tuesday, March 17th. Finally, KeyCorp started coverage on shares of Howmet Aerospace in a research note on Wednesday, March 25th. They set a “sector weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.30.
View Our Latest Stock Report on Howmet Aerospace
Insider Buying and Selling at Howmet Aerospace
In other news, 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 value of $11,364,255.00. Following the completion of the transaction, the executive vice president directly owned 107,008 shares in the company, valued at approximately $26,933,913.60. The trade was a 29.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Barbara Lou Shultz sold 1,000 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $260.00, for a total value of $260,000.00. Following the sale, the vice president owned 23,874 shares in the company, valued at approximately $6,207,240. The trade was a 4.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.04% of the stock is currently owned by insiders.
Howmet Aerospace Company 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.
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