Swedbank AB Lowers Holdings in Howmet Aerospace Inc. (NYSE:HWM)

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

A number of other large investors also recently added to or reduced their stakes in the business. Lone Pine Capital LLC bought a new position in shares of Howmet Aerospace during the second quarter worth $284,539,000. TD Asset Management Inc lifted its position in shares of Howmet Aerospace by 16.9% in the second quarter. TD Asset Management Inc now owns 3,152,629 shares of the company’s stock worth $244,739,000 after buying an additional 455,180 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Howmet Aerospace by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock valued at $231,101,000 after buying an additional 114,457 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Howmet Aerospace by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company’s stock worth $163,218,000 after acquiring an additional 56,614 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Howmet Aerospace by 12.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock worth $138,159,000 after acquiring an additional 150,387 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 1.2 %

Shares of Howmet Aerospace stock opened at $117.18 on Wednesday. The stock has a market cap of $47.61 billion, a PE ratio of 44.73, a price-to-earnings-growth ratio of 1.59 and a beta of 1.46. Howmet Aerospace Inc. has a 1 year low of $51.47 and a 1 year high of $119.28. The firm has a fifty day moving average price of $105.49 and a 200 day moving average price of $93.09. 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 was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

Wall Street Analyst Weigh In

HWM has been the topic of a number of recent research reports. Barclays upped their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Susquehanna increased their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. Truist Financial boosted their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, BTIG Research upped 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. One 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $115.41.

Howmet Aerospace 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.