KBC Group NV Sells 5,905 Shares of Howmet Aerospace Inc. (NYSE:HWM)

KBC Group NV reduced its position in Howmet Aerospace Inc. (NYSE:HWM) by 12.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 41,367 shares of the company’s stock after selling 5,905 shares during the period. KBC Group NV’s holdings in Howmet Aerospace were worth $4,525,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after buying an additional 1,336,592 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Howmet Aerospace by 695.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock valued at $55,941,000 after purchasing an additional 487,880 shares during the last quarter. Geode Capital Management LLC boosted its position in Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after purchasing an additional 453,275 shares during the period. State Street Corp increased its holdings in shares of Howmet Aerospace by 2.3% in the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after purchasing an additional 384,171 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of Howmet Aerospace by 332.6% in the third quarter. Retirement Systems of Alabama now owns 370,027 shares of the company’s stock valued at $37,095,000 after purchasing an additional 284,487 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 0.7 %

NYSE HWM opened at $127.30 on Friday. The business has a fifty day moving average price of $116.62 and a two-hundred day moving average price of $104.28. The stock has a market capitalization of $51.72 billion, a PE ratio of 48.59, a PEG ratio of 1.43 and a beta of 1.49. Howmet Aerospace Inc. has a fifty-two week low of $55.89 and a fifty-two week high of $129.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.10 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Analysts Set New Price Targets

Several brokerages recently commented on HWM. Robert W. Baird lifted their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group upped their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Bank of America lifted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Finally, Susquehanna lifted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Company 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.