Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by South Street Advisors LLC

South Street Advisors LLC decreased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 11.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 162,461 shares of the company’s stock after selling 21,454 shares during the quarter. Howmet Aerospace comprises 2.5% of South Street Advisors LLC’s holdings, making the stock its 17th largest position. South Street Advisors LLC’s holdings in Howmet Aerospace were worth $16,287,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Natixis Advisors LLC increased its holdings in Howmet Aerospace by 23.3% in the 3rd quarter. Natixis Advisors LLC now owns 730,239 shares of the company’s stock valued at $73,206,000 after purchasing an additional 137,776 shares during the last quarter. Mizuho Securities USA LLC grew its position in Howmet Aerospace by 112.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 63,454 shares of the company’s stock valued at $6,361,000 after acquiring an additional 33,555 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Howmet Aerospace by 2.1% during the third quarter. Empirical Finance LLC now owns 13,115 shares of the company’s stock worth $1,315,000 after purchasing an additional 265 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Howmet Aerospace by 12.4% during the third quarter. CIBC Asset Management Inc now owns 59,541 shares of the company’s stock worth $5,969,000 after acquiring an additional 6,587 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its stake in shares of Howmet Aerospace by 2.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Sanford C. Bernstein lifted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company increased their target price on Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.41.

Insider Transactions at Howmet Aerospace

In other news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This represents a 49.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was 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 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 disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.

Howmet Aerospace Stock Performance

NYSE HWM traded down $1.21 on Friday, hitting $112.01. The stock had a trading volume of 2,221,703 shares, compared to its average volume of 2,935,654. The company’s 50-day moving average is $102.37 and its two-hundred day moving average is $90.95. The stock has a market cap of $45.51 billion, a price-to-earnings ratio of 42.75, a P/E/G ratio of 1.57 and a beta of 1.46. 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 one year low of $51.22 and a one year high of $116.74.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

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.