Alpha DNA Investment Management LLC Cuts Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Alpha DNA Investment Management LLC cut its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 24.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 7,981 shares of the company’s stock after selling 2,554 shares during the period. Alpha DNA Investment Management LLC’s holdings in Howmet Aerospace were worth $800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace during the 3rd quarter worth about $26,000. Hollencrest Capital Management acquired a new position in shares of Howmet Aerospace during the third quarter valued at approximately $30,000. Cultivar Capital Inc. purchased a new position in shares of Howmet Aerospace in the second quarter valued at approximately $26,000. LGT Financial Advisors LLC boosted its stake in shares of 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 acquiring an additional 262 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Howmet Aerospace in the second quarter worth approximately $32,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

NYSE HWM opened at $118.44 on Friday. The stock has a fifty day simple moving average of $104.62 and a 200-day simple moving average of $92.52. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The stock has a market cap of $48.12 billion, a PE ratio of 45.21, a P/E/G ratio of 1.57 and a beta of 1.46. Howmet Aerospace Inc. has a twelve month low of $51.47 and a twelve month high of $119.28.

Howmet Aerospace Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays increased their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. BTIG Research raised their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Bank of America upped their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Royal Bank of Canada raised their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Susquehanna upped their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace currently 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.