Thrivent Financial for Lutherans Sells 251,930 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Thrivent Financial for Lutherans decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 10.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,149,523 shares of the company’s stock after selling 251,930 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Howmet Aerospace were worth $215,490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWM. Avantax Advisory Services Inc. bought a new stake in shares of Howmet Aerospace in the first quarter valued at approximately $259,000. Bleakley Financial Group LLC boosted its holdings in Howmet Aerospace by 3.2% in the 1st quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock valued at $348,000 after purchasing an additional 158 shares during the period. Blair William & Co. IL grew its position in Howmet Aerospace by 51.6% in the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock worth $1,744,000 after purchasing an additional 8,676 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Howmet Aerospace by 9.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,180 shares of the company’s stock worth $2,271,000 after purchasing an additional 2,802 shares during the period. Finally, UniSuper Management Pty Ltd raised its position in shares of Howmet Aerospace by 371.7% during the first quarter. UniSuper Management Pty Ltd now owns 18,617 shares of the company’s stock valued at $1,274,000 after buying an additional 14,670 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 43.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The trade was a 49.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Howmet Aerospace Stock Down 1.1 %

NYSE HWM opened at $112.01 on Friday. The stock’s 50 day simple moving average is $102.37 and its 200 day simple moving average is $91.12. Howmet Aerospace Inc. has a one year low of $51.22 and a one year high of $116.74. The firm has a market cap of $45.51 billion, a PE ratio of 42.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.08 dividend. 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 12.21%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HWM. Truist Financial boosted their price target 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. boosted their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. BTIG Research boosted their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Bank of America raised their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Howmet Aerospace presently 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.