Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Morse Asset Management Inc

Morse Asset Management Inc lowered its stake in Howmet Aerospace Inc. (NYSE:HWM) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,245 shares of the company’s stock after selling 798 shares during the period. Morse Asset Management Inc’s holdings in Howmet Aerospace were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Senator Investment Group LP grew its stake in Howmet Aerospace by 24.8% during the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock worth $12,110,000 after buying an additional 31,000 shares during the last quarter. Terra Nova Asset Management LLC purchased a new stake in Howmet Aerospace during the third quarter worth $1,264,000. Wealthspire Advisors LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $209,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Howmet Aerospace by 135.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock worth $2,622,000 after purchasing an additional 15,070 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HWM shares. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Barclays increased their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Wells Fargo & Company raised their price target 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. Truist Financial increased their target price on Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.41.

Howmet Aerospace Stock Up 1.2 %

HWM opened at $119.08 on Wednesday. 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’s fifty day simple moving average is $107.51 and its 200 day simple moving average is $94.35. Howmet Aerospace Inc. has a 1-year low of $52.06 and a 1-year high of $119.40. The stock has a market cap of $48.38 billion, a PE ratio of 45.45, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Howmet Aerospace Dividend Announcement

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

Howmet Aerospace 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.