Capital International Inc. CA reduced its stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,357 shares of the company’s stock after selling 5,651 shares during the quarter. Capital International Inc. CA’s holdings in Howmet Aerospace were worth $13,414,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of HWM. Bank of Montreal Can boosted its holdings in Howmet Aerospace by 5.9% in the 3rd quarter. Bank of Montreal Can now owns 404,723 shares of the company’s stock worth $79,419,000 after buying an additional 22,567 shares during the period. Legal & General Group Plc raised its stake in Howmet Aerospace by 13.9% during the 3rd quarter. Legal & General Group Plc now owns 2,515,792 shares of the company’s stock valued at $493,674,000 after purchasing an additional 306,541 shares during the period. Vestcor Inc lifted its holdings in Howmet Aerospace by 24.6% in the 3rd quarter. Vestcor Inc now owns 9,448 shares of the company’s stock worth $1,854,000 after purchasing an additional 1,864 shares in the last quarter. Sienna Gestion purchased a new stake in Howmet Aerospace during the 3rd quarter valued at approximately $6,143,000. Finally, LGT Group Foundation lifted its holdings in shares of Howmet Aerospace by 58.3% in the third quarter. LGT Group Foundation now owns 20,314 shares of the company’s stock worth $3,958,000 after buying an additional 7,478 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Howmet Aerospace Trading Down 0.1%
Shares of NYSE HWM opened at $253.97 on Wednesday. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $267.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 2.13. The company has a market cap of $101.83 billion, a price-to-earnings ratio of 68.46, a PEG ratio of 2.36 and a beta of 1.21. The business’s 50 day moving average price is $231.06 and its 200-day moving average price is $207.48.
Howmet Aerospace Dividend Announcement
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. The ex-dividend date was Friday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is presently 12.94%.
Analyst Ratings Changes
A number of brokerages have issued reports on HWM. The Goldman Sachs Group set a $228.00 price target on shares of Howmet Aerospace in a report on Tuesday, February 17th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $280.00 target price on shares of Howmet Aerospace in a research report on Tuesday, February 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $275.00 price target on shares of Howmet Aerospace in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a report on Thursday, January 22nd. Finally, Bank of America increased their target price on Howmet Aerospace from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $252.95.
View Our Latest Research Report on HWM
Insider Transactions at Howmet Aerospace
In related news, VP Barbara Lou Shultz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $260.00, for a total value of $260,000.00. Following the transaction, the vice president owned 23,874 shares of the company’s stock, valued at $6,207,240. This trade represents a 4.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Neil Edward Marchuk sold 45,150 shares of Howmet Aerospace stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $251.70, for a total transaction of $11,364,255.00. Following the sale, the executive vice president owned 107,008 shares of the company’s stock, valued at $26,933,913.60. The trade was a 29.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.12% of the company’s stock.
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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