Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP cut its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 47.9% in the third quarter, HoldingsChannel.com reports. The fund owned 54,498 shares of the company’s stock after selling 50,034 shares during the period. Quantbot Technologies LP’s holdings in Howmet Aerospace were worth $5,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cultivar Capital Inc. acquired a new stake in Howmet Aerospace in the 2nd quarter worth about $26,000. RiverPark Advisors LLC acquired a new stake in Howmet Aerospace during the 3rd quarter worth $26,000. LGT Financial Advisors LLC grew its holdings in shares of Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after buying an additional 262 shares in the last quarter. Hollencrest Capital Management acquired a new position in Howmet Aerospace during the third quarter worth about $30,000. Finally, Rothschild Investment LLC purchased a new stake in Howmet Aerospace during the 2nd quarter valued at about $32,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $117.18 on Wednesday. Howmet Aerospace Inc. has a 12 month low of $51.47 and a 12 month high of $119.28. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company has a market cap of $47.61 billion, a P/E ratio of 44.73, a PEG ratio of 1.59 and a beta of 1.46. The firm has a fifty day moving average price of $105.49 and a 200 day moving average price of $93.09.

Howmet Aerospace Announces Dividend

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

Analysts Set New Price Targets

HWM has been the topic of several recent research reports. Barclays boosted their target price on 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 boosted their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, BTIG Research lifted their target price on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.