National Pension Service lessened its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 9.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,179,832 shares of the company’s stock after selling 128,327 shares during the period. National Pension Service’s holdings in Howmet Aerospace were worth $241,889,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC raised its stake in shares of Howmet Aerospace by 12.5% during the 4th quarter. Salomon & Ludwin LLC now owns 423 shares of the company’s stock worth $90,000 after buying an additional 47 shares during the last quarter. Catalyst Financial Partners LLC raised its stake in shares of Howmet Aerospace by 0.9% during the 4th quarter. Catalyst Financial Partners LLC now owns 5,561 shares of the company’s stock worth $1,140,000 after buying an additional 48 shares during the last quarter. Burns J W & Co. Inc. NY raised its stake in shares of Howmet Aerospace by 2.6% during the 4th quarter. Burns J W & Co. Inc. NY now owns 1,949 shares of the company’s stock worth $400,000 after buying an additional 49 shares during the last quarter. HBW Advisory Services LLC raised its stake in shares of Howmet Aerospace by 2.5% during the 4th quarter. HBW Advisory Services LLC now owns 1,990 shares of the company’s stock worth $408,000 after buying an additional 49 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of Howmet Aerospace by 2.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,738 shares of the company’s stock worth $356,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Howmet Aerospace Trading Down 0.5%
Howmet Aerospace stock opened at $258.61 on Friday. The stock has a market cap of $103.47 billion, a PE ratio of 60.00, a P/E/G ratio of 2.06 and a beta of 1.19. The stock has a 50-day moving average price of $249.31 and a 200 day moving average price of $230.22. Howmet Aerospace Inc. has a 52 week low of $165.51 and a 52 week high of $280.74. The company has a current ratio of 2.44, a quick ratio of 1.59 and a debt-to-equity ratio of 0.73.
Howmet Aerospace Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, May 8th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 11.14%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on HWM shares. KeyCorp started coverage on Howmet Aerospace in a research note on Wednesday, March 25th. They set a “sector weight” rating for the company. Wells Fargo & Company started coverage on Howmet Aerospace in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $240.00 price target for the company. Truist Financial set a $280.00 price target on Howmet Aerospace in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $320.00 price target on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $320.00 price target on shares of Howmet Aerospace in a research note on Sunday, May 10th. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $285.53.
Read Our Latest Research Report on Howmet Aerospace
Insider Buying and Selling
In related news, EVP Neil Edward Marchuk sold 41,932 shares of Howmet Aerospace stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the completion of the sale, the executive vice president owned 65,105 shares in the company, valued at approximately $17,545,797.50. This trade represents a 39.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.85% of the company’s stock.
Howmet Aerospace Company Profile
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.
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