Howmet Aerospace Inc. (NYSE:HWM) Holdings Cut by Voya Financial Advisors Inc.

Voya Financial Advisors Inc. lessened its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 16.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,381 shares of the company’s stock after selling 457 shares during the period. Voya Financial Advisors Inc.’s holdings in Howmet Aerospace were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Caprock Group LLC raised its holdings in shares of Howmet Aerospace by 1.0% during the third quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after buying an additional 106 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Howmet Aerospace by 6.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock valued at $195,000 after buying an additional 124 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Howmet Aerospace by 2.4% during the third quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after buying an additional 124 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after buying an additional 126 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of Howmet Aerospace by 11.1% during the third quarter. Huntington National Bank now owns 1,526 shares of the company’s stock valued at $153,000 after buying an additional 152 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 1.5 %

NYSE HWM opened at $118.31 on Friday. Howmet Aerospace Inc. has a twelve month low of $52.26 and a twelve month high of $120.71. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The stock has a market cap of $48.06 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 1.60 and a beta of 1.48. The firm’s 50 day moving average price is $108.33 and its two-hundred day moving average price is $94.71.

Howmet Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

HWM has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Sanford C. Bernstein boosted their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Bank of America boosted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Wells Fargo & Company boosted their target price on Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $115.41.

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.