Advisors Asset Management Inc. Reduces Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Advisors Asset Management Inc. decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,320 shares of the company’s stock after selling 2,846 shares during the quarter. Advisors Asset Management Inc.’s holdings in Howmet Aerospace were worth $8,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. RiverPark Advisors LLC bought a new stake in Howmet Aerospace during the 3rd quarter valued at $26,000. Hollencrest Capital Management bought a new stake in Howmet Aerospace during the 3rd quarter valued at $30,000. Cultivar Capital Inc. bought a new stake in Howmet Aerospace during the 2nd quarter valued at $26,000. LGT Financial Advisors LLC raised its holdings in Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares during the period. Finally, Rothschild Investment LLC bought a new stake in Howmet Aerospace during the 2nd quarter valued at $32,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

NYSE HWM opened at $118.10 on Thursday. The company has a 50-day simple moving average of $103.70 and a two-hundred day simple moving average of $91.99. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 12-month low of $51.29 and a 12-month high of $118.20. The firm has a market cap of $47.98 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 1.50 and a beta of 1.46.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.27%. Howmet Aerospace’s payout ratio is 12.21%.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of analyst reports. Bank of America boosted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Robert W. Baird upped their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays upped their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.41.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This represents a 43.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.12% of the company’s stock.

Howmet Aerospace Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.