PDT Partners LLC Sells 13,537 Shares of Howmet Aerospace Inc. (NYSE:HWM)

PDT Partners LLC reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 16.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,069 shares of the company’s stock after selling 13,537 shares during the period. Howmet Aerospace makes up approximately 0.6% of PDT Partners LLC’s portfolio, making the stock its 6th largest position. PDT Partners LLC’s holdings in Howmet Aerospace were worth $6,924,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

HWM has been the subject of a number of research reports. UBS Group lifted their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Susquehanna boosted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. One equities research 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, the company presently has an average rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Stock Performance

Shares of HWM opened at $118.46 on Friday. Howmet Aerospace Inc. has a 1 year low of $51.79 and a 1 year high of $119.28. The company’s 50 day simple moving average is $106.73 and its 200 day simple moving average is $93.68. The company has a market capitalization of $48.13 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 1.57 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 Announces Dividend

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

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.