Quantbot Technologies LP Sells 50,034 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Quantbot Technologies LP cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 47.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cultivar Capital Inc. bought a new position in shares of Howmet Aerospace during the second quarter valued at approximately $26,000. RiverPark Advisors LLC bought a new position in Howmet Aerospace in the 3rd quarter valued at $26,000. LGT Financial Advisors LLC increased its stake in Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after purchasing an additional 262 shares during the period. Hollencrest Capital Management bought a new stake in shares of Howmet Aerospace during the third quarter worth $30,000. Finally, Rothschild Investment LLC bought a new stake in shares of Howmet Aerospace during the second quarter worth $32,000. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HWM has been the topic of several recent analyst reports. UBS Group raised their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Barclays boosted their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Bank of America lifted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Robert W. Baird raised their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Susquehanna increased their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.41.

Howmet Aerospace Price Performance

NYSE:HWM opened at $117.18 on Wednesday. The firm’s fifty day moving average is $105.49 and its two-hundred day moving average is $93.09. The firm 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 debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a one year low of $51.47 and a one year high of $119.28.

Howmet Aerospace Announces Dividend

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

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.