BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Decreases Stake in Howmet Aerospace Inc. (NYSE:HWM)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 53.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,697 shares of the company’s stock after selling 74,197 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Howmet Aerospace were worth $6,486,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Caprock Group LLC increased its holdings in Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after purchasing an additional 106 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Howmet Aerospace by 6.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock valued at $195,000 after acquiring an additional 124 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after acquiring an additional 124 shares during the last quarter. Assetmark Inc. grew its holdings in Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after acquiring an additional 126 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of Howmet Aerospace by 11.1% in the 3rd quarter. Huntington National Bank now owns 1,526 shares of the company’s stock worth $153,000 after purchasing an additional 152 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.6 %

NYSE HWM opened at $117.69 on Tuesday. The firm’s 50 day moving average price is $106.73 and its two-hundred day moving average price is $93.85. The stock has a market cap of $47.81 billion, a price-to-earnings ratio of 44.92, a PEG ratio of 1.59 and a beta of 1.46. Howmet Aerospace Inc. has a twelve month low of $52.06 and a twelve month 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.

Howmet Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Susquehanna increased their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Sanford C. Bernstein lifted their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their price target on Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. BTIG Research lifted their price objective on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Truist Financial increased their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.