7,701 Howmet Aerospace Inc. $HWM Shares Sold by Danske Bank A S

Danske Bank A S decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 464,152 shares of the company’s stock after selling 7,701 shares during the quarter. Danske Bank A S owned approximately 0.12% of Howmet Aerospace worth $104,982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in Howmet Aerospace in the second quarter worth $12,318,939,000. State Street Corp raised its holdings in Howmet Aerospace by 3.3% during the second quarter. State Street Corp now owns 18,933,928 shares of the company’s stock valued at $5,090,576,000 after buying an additional 612,866 shares in the last quarter. Bank of America Corp DE bought a new position in Howmet Aerospace during the second quarter valued at about $2,766,806,000. Jupiter Topco LLC acquired a new stake in shares of Howmet Aerospace in the second quarter worth about $2,065,086,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Howmet Aerospace in the second quarter worth about $1,099,765,000. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HWM shares. Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a report on Tuesday, October 27th. Sanford C. Bernstein restated an “outperform” rating and issued a $298.00 target price (down from $328.00) on shares of Howmet Aerospace in a report on Wednesday, October 7th. Wells Fargo & Company decreased their target price on Howmet Aerospace from $315.00 to $255.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 30th. Weiss Ratings raised Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Finally, Susquehanna lowered their price target on Howmet Aerospace from $340.00 to $275.00 and set a “positive” rating on the stock in a report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.81.

Howmet Aerospace Stock Performance

NYSE:HWM traded down $2.39 during mid-day trading on Friday, hitting $220.72. 2,349,743 shares of the company’s stock traded hands, compared to its average volume of 4,615,711. The firm has a market capitalization of $87.77 billion, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 1.63 and a beta of 1.31. The firm has a 50 day moving average of $219.89 and a two-hundred day moving average of $248.29. The company has a current ratio of 1.86, a quick ratio of 0.90 and a debt-to-equity ratio of 0.70. Howmet Aerospace Inc. has a 12 month low of $183.52 and a 12 month high of $310.00.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.37 by $0.09. Howmet Aerospace had a return on equity of 36.44% and a net margin of 21.10%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the business posted $0.95 EPS. The company’s revenue for the quarter was up 29.4% on a year-over-year basis. On average, equities analysts forecast that Howmet Aerospace Inc. will post 5.49 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 6th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace’s payout ratio is 10.96%.

Howmet Aerospace Company Profile

Howmet Aerospace designs and manufactures engineered metal products for the aerospace, commercial transportation and industrial markets. Its products include components for aircraft engines and airframes, fastening systems, and forged aluminum wheels for commercial trucks. The company operates through businesses focused on engine products, fastening systems, engineered structures and forged wheels. Its components and systems are used by aerospace manufacturers and suppliers, as well as customers in transportation and other industrial sectors.