Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 29.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,905 shares of the company’s stock after selling 25,028 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Howmet Aerospace were worth $11,750,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of HWM. Traub Capital Management LLC purchased a new stake in Howmet Aerospace in the second quarter worth approximately $25,000. Winnow Wealth LLC purchased a new position in shares of Howmet Aerospace during the second quarter worth approximately $25,000. Newbridge Financial Services Group Inc. raised its stake in shares of Howmet Aerospace by 119.7% during 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 shares of Howmet Aerospace by 52.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after acquiring an additional 52 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter worth approximately $32,000. Institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Stock Down 2.9%
Shares of NYSE HWM opened at $236.76 on Monday. The firm’s fifty day moving average is $233.28 and its 200 day moving average is $208.95. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $267.31. 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 $94.93 billion, a price-to-earnings ratio of 63.82, a PEG ratio of 2.19 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. Stockholders of record on Friday, February 6th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, February 6th. Howmet Aerospace’s dividend payout ratio is currently 12.94%.
Insider Activity
In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $260.00, for a total transaction of $260,000.00. Following the completion of the transaction, the vice president owned 23,874 shares of the company’s stock, valued at $6,207,240. This represents a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Neil Edward Marchuk sold 45,150 shares of the 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. This trade represents a 29.67% decrease in their position. The SEC filing for this sale provides additional information. 1.12% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Bank of America increased their target price on shares of Howmet Aerospace from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 20th. BTIG Research boosted their price target on shares of Howmet Aerospace from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Citigroup raised their price objective on Howmet Aerospace from $255.00 to $283.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, The Goldman Sachs Group set a $228.00 price objective on Howmet Aerospace in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average target price of $256.15.
Get Our Latest Stock Analysis on HWM
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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