Mn Services Vermogensbeheer B.V. Sells 3,700 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,000 shares of the company’s stock after selling 3,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Howmet Aerospace were worth $15,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Howmet Aerospace by 18.7% in the first quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock valued at $1,223,358,000 after buying an additional 2,813,911 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Howmet Aerospace by 28.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after purchasing an additional 3,158,186 shares in the last quarter. Lone Pine Capital LLC acquired a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $284,539,000. TD Asset Management Inc increased its position in shares of Howmet Aerospace by 16.9% during 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. Finally, Capital Research Global Investors bought a new position in Howmet Aerospace in the first quarter worth $148,996,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Howmet Aerospace from $105.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Benchmark lifted their price objective on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th. Robert W. Baird increased their target price on Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Barclays raised their target price on Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $101.50.

Howmet Aerospace Price Performance

HWM stock opened at $99.84 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. The firm has a market cap of $40.75 billion, a price-to-earnings ratio of 44.18, a PEG ratio of 1.45 and a beta of 1.46. The company’s fifty day simple moving average is $99.28 and its 200 day simple moving average is $88.30. Howmet Aerospace Inc. has a 12-month low of $47.88 and a 12-month high of $106.93.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s payout ratio is currently 14.16%.

Insider Buying and Selling at Howmet Aerospace

In other news, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction dated Friday, August 23rd. The shares were 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 owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by company insiders.

About Howmet Aerospace

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.