Braun Stacey Associates Inc. lowered its stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 7.6% during the 4th quarter, Holdings Channel reports. The firm owned 216,363 shares of the company’s stock after selling 17,833 shares during the quarter. Howmet Aerospace makes up about 1.4% of Braun Stacey Associates Inc.’s holdings, making the stock its 14th biggest position. Braun Stacey Associates Inc.’s holdings in Howmet Aerospace were worth $44,359,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Howmet Aerospace by 1.4% in the third quarter. Vanguard Group Inc. now owns 49,139,989 shares of the company’s stock worth $9,642,740,000 after purchasing an additional 664,595 shares during the last quarter. State Street Corp increased its position in Howmet Aerospace by 1.6% in the third quarter. State Street Corp now owns 17,964,662 shares of the company’s stock worth $3,525,206,000 after purchasing an additional 278,587 shares during the last quarter. Bank of America Corp DE raised its stake in Howmet Aerospace by 2.4% during the third quarter. Bank of America Corp DE now owns 10,877,771 shares of the company’s stock valued at $2,134,545,000 after purchasing an additional 255,419 shares in the last quarter. Invesco Ltd. lifted its position in Howmet Aerospace by 12.2% during the third quarter. Invesco Ltd. now owns 7,367,438 shares of the company’s stock valued at $1,445,712,000 after purchasing an additional 801,093 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Howmet Aerospace by 4.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,595,587 shares of the company’s stock worth $705,565,000 after buying an additional 147,523 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Stock Up 0.1%
Shares of HWM opened at $232.86 on Friday. The firm has a market capitalization of $93.36 billion, a P/E ratio of 62.77, a P/E/G ratio of 2.15 and a beta of 1.24. Howmet Aerospace Inc. has a 12-month low of $105.04 and a 12-month high of $267.31. The firm has a fifty day moving average price of $238.06 and a 200-day moving average price of $214.48. 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 Dividend Announcement
The firm 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 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is currently 12.94%.
Insiders Place Their Bets
In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,150 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 107,008 shares in the company, valued at $26,933,913.60. This represents a 29.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Barbara Lou Shultz sold 1,000 shares of Howmet Aerospace 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 completion of the transaction, the vice president owned 23,874 shares in the company, valued at $6,207,240. This trade represents a 4.02% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.04% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on HWM shares. 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 decreased their price objective on Howmet Aerospace from $283.00 to $271.00 and set a “buy” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft set a $278.00 target price on Howmet Aerospace and gave the stock a “buy” rating in a report on Friday, February 13th. Bank of America raised their target price on shares of Howmet Aerospace from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Wolfe Research set a $270.00 price target on shares of Howmet Aerospace and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.30.
Read Our Latest Analysis on HWM
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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