L & S Advisors Inc Sells 3,115 Shares of Howmet Aerospace Inc. (NYSE:HWM)

L & S Advisors Inc cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 9.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,081 shares of the company’s stock after selling 3,115 shares during the period. L & S Advisors Inc’s holdings in Howmet Aerospace were worth $2,915,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Senator Investment Group LP boosted its stake in Howmet Aerospace by 24.8% during the second quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after buying an additional 31,000 shares during the last quarter. Terra Nova Asset Management LLC bought a new position in Howmet Aerospace during the third quarter valued at approximately $1,264,000. Wealthspire Advisors LLC bought a new position in Howmet Aerospace during the second quarter valued at approximately $209,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Howmet Aerospace by 1,258.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after buying an additional 1,900 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Howmet Aerospace by 135.9% during the third quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock valued at $2,622,000 after buying an additional 15,070 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Activity

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction on 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. This trade represents a 43.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.12% of the company’s stock.

Howmet Aerospace Trading Up 1.8 %

Shares of Howmet Aerospace stock opened at $118.10 on Thursday. The firm has a market capitalization of $47.98 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 1.56 and a beta of 1.46. Howmet Aerospace Inc. has a fifty-two week low of $51.29 and a fifty-two week high of $118.20. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The stock has a 50 day moving average of $103.70 and a 200 day moving average of $91.99.

Howmet Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Susquehanna raised their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. BTIG Research raised their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Royal Bank of Canada increased their price target on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird increased their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.