TD Asset Management Inc cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,522,121 shares of the company’s stock after selling 47,228 shares during the period. TD Asset Management Inc owned about 0.63% of Howmet Aerospace worth $494,916,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of HWM. Traub Capital Management LLC purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $25,000. Winnow Wealth LLC purchased a new position in Howmet Aerospace in the second quarter valued at $25,000. Newbridge Financial Services Group Inc. raised its stake in Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after buying an additional 73 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in shares of Howmet Aerospace by 52.0% during 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 in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $32,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Howmet Aerospace Stock Up 1.5%
Howmet Aerospace stock opened at $260.84 on Wednesday. The stock has a 50 day moving average of $220.81 and a two-hundred day moving average of $201.63. Howmet Aerospace Inc. has a twelve month low of $105.04 and a twelve month high of $261.69. The stock has a market capitalization of $104.58 billion, a price-to-earnings ratio of 70.31, a PEG ratio of 2.38 and a beta of 1.26. The company has a current ratio of 2.13, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.
Howmet Aerospace Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, February 6th. Howmet Aerospace’s dividend payout ratio (DPR) is 12.94%.
Insider Buying and Selling at Howmet Aerospace
In other news, EVP Neil Edward Marchuk sold 45,150 shares of the business’s 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 transaction, the executive vice president directly owned 107,008 shares in the company, valued at $26,933,913.60. The trade was a 29.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.12% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on HWM. iA Financial set a $240.00 target price on Howmet Aerospace in a research note on Monday, November 3rd. Susquehanna lifted their target price on Howmet Aerospace from $255.00 to $290.00 and gave the stock a “positive” rating in a research report on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a research report on Thursday, January 22nd. Citigroup raised their price target on Howmet Aerospace from $255.00 to $283.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Finally, BTIG Research boosted their price objective on Howmet Aerospace from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $252.95.
Read Our Latest Stock Analysis on Howmet Aerospace
Howmet Aerospace 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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