Commerce Bank Decreases Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Commerce Bank lowered its stake in Howmet Aerospace Inc. (NYSE:HWM) by 11.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 39,796 shares of the company’s stock after selling 5,287 shares during the period. Commerce Bank’s holdings in Howmet Aerospace were worth $3,990,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cultivar Capital Inc. bought a new stake in shares of Howmet Aerospace in the second quarter worth $26,000. RiverPark Advisors LLC purchased a new position in Howmet Aerospace in the third quarter worth about $26,000. LGT Financial Advisors LLC grew its stake in shares of 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 purchasing an additional 262 shares during the period. Hollencrest Capital Management bought a new position in shares of Howmet Aerospace in the 3rd quarter worth approximately $30,000. Finally, Rothschild Investment LLC purchased a new position in shares of Howmet Aerospace in the second quarter worth approximately $32,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 1.2 %

Shares of NYSE HWM opened at $118.44 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $51.47 and a fifty-two week high of $119.28. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The company has a market cap of $48.12 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 1.56 and a beta of 1.46. The business’s 50 day moving average price is $104.62 and its 200-day moving average price is $92.43.

Howmet Aerospace Announces Dividend

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

Analysts Set New Price Targets

HWM has been the subject of a number of research reports. Susquehanna upped their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upped their price target on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Truist Financial boosted their price objective on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. 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 research 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.41.

About Howmet Aerospace

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.