Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Swedbank AB

Swedbank AB trimmed its position in Howmet Aerospace Inc. (NYSE:HWM) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 148,955 shares of the company’s stock after selling 165 shares during the period. Swedbank AB’s holdings in Howmet Aerospace were worth $14,933,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Senator Investment Group LP raised its holdings in Howmet Aerospace by 24.8% in the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after acquiring an additional 31,000 shares during the last quarter. Terra Nova Asset Management LLC acquired a new position in Howmet Aerospace during the third quarter worth $1,264,000. Wealthspire Advisors LLC acquired a new stake in shares of Howmet Aerospace in the 2nd quarter worth $209,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Howmet Aerospace by 1,258.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after acquiring an additional 1,900 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Howmet Aerospace by 135.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock valued at $2,622,000 after acquiring an additional 15,070 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 1.2 %

HWM stock opened at $117.18 on Wednesday. Howmet Aerospace Inc. has a 52 week low of $51.47 and a 52 week high of $119.28. The company has a market cap of $47.61 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 1.59 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. The business has a fifty day simple moving average of $105.49 and a 200-day simple moving average of $93.09.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Truist Financial upped their price objective on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada upped their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, BTIG Research raised their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Company 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.