Barclays PLC Cuts Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Barclays PLC decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 17.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 905,823 shares of the company’s stock after selling 197,454 shares during the period. Barclays PLC’s holdings in Howmet Aerospace were worth $90,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Caprock Group LLC lifted its position 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 worth $1,121,000 after purchasing an additional 106 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Howmet Aerospace by 6.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after buying an additional 124 shares during the period. OneDigital Investment Advisors LLC increased its stake in Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock worth $527,000 after buying an additional 124 shares during the period. Assetmark Inc. lifted its holdings in Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after buying an additional 126 shares in the last quarter. Finally, Huntington National Bank boosted its position in Howmet Aerospace by 11.1% in the 3rd 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 period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HWM. Wells Fargo & Company increased their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Susquehanna upped their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Barclays raised their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, UBS Group boosted their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.59.

Howmet Aerospace Stock Up 1.8 %

HWM opened at $116.09 on Thursday. Howmet Aerospace Inc. has a one year low of $52.36 and a one year 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 capitalization of $47.16 billion, a P/E ratio of 44.31, a price-to-earnings-growth ratio of 1.59 and a beta of 1.48. The business’s 50-day simple moving average is $109.25 and its 200-day simple moving average is $95.53.

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 paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Friday, November 8th. 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.