Sigma Planning Corp decreased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 64.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,767 shares of the company’s stock after selling 3,185 shares during the period. Sigma Planning Corp’s holdings in Howmet Aerospace were worth $384,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC lifted its holdings in Howmet Aerospace by 12.5% during the 4th quarter. Salomon & Ludwin LLC now owns 423 shares of the company’s stock valued at $90,000 after buying an additional 47 shares in the last quarter. Burns J W & Co. Inc. NY lifted its holdings in Howmet Aerospace by 2.6% during the 4th quarter. Burns J W & Co. Inc. NY now owns 1,949 shares of the company’s stock valued at $400,000 after buying an additional 49 shares in the last quarter. HBW Advisory Services LLC lifted its holdings in Howmet Aerospace by 2.5% during the 4th quarter. HBW Advisory Services LLC now owns 1,990 shares of the company’s stock valued at $408,000 after buying an additional 49 shares in the last quarter. Global Trust Asset Management LLC lifted its holdings 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 valued at $807,000 after buying an additional 50 shares in the last quarter. Finally, 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 valued at $1,030,000 after buying an additional 50 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Trading Up 5.9%
NYSE HWM opened at $257.10 on Thursday. The company’s 50-day simple moving average is $245.66 and its two-hundred day simple moving average is $222.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 2.13. Howmet Aerospace Inc. has a one year low of $154.31 and a one year high of $267.31. The company has a market capitalization of $103.02 billion, a price-to-earnings ratio of 69.30, a price-to-earnings-growth ratio of 2.24 and a beta of 1.19.
Howmet Aerospace Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is presently 12.94%.
Insider Buying and Selling
In other news, VP Barbara Lou Shultz sold 1,000 shares of Howmet Aerospace stock in a transaction that occurred 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 transaction, the vice president owned 23,874 shares of the company’s stock, valued at $6,207,240. The trade was a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil Edward Marchuk sold 45,150 shares of Howmet Aerospace stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $251.70, for a total transaction 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 position. The SEC filing for this sale provides additional information. 0.85% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on HWM shares. KeyCorp started coverage on shares of Howmet Aerospace in a report on Wednesday, March 25th. They set a “sector weight” rating for the company. Royal Bank Of Canada raised their target price on shares of Howmet Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Wolfe Research set a $270.00 target price on shares of Howmet Aerospace and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft set a $278.00 target price on shares of Howmet Aerospace and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, The Goldman Sachs Group set a $228.00 target price on shares of Howmet Aerospace in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $266.89.
Get Our Latest Stock Report 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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