Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lowered its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 78.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,258 shares of the company's stock after selling 8,416 shares during the quarter. Aigen Investment Management LP's holdings in Howmet Aerospace were worth $226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Hollencrest Capital Management bought a new stake in Howmet Aerospace in the third quarter worth $30,000. Cultivar Capital Inc. bought a new stake in shares of Howmet Aerospace in the 2nd quarter valued at approximately $26,000. LGT Financial Advisors LLC boosted its holdings in shares of Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock worth $28,000 after purchasing an additional 262 shares during the period. Rothschild Investment LLC bought a new position in shares of Howmet Aerospace during the 2nd quarter valued at approximately $32,000. Finally, Versant Capital Management Inc raised its holdings in Howmet Aerospace by 1,209.1% during the 2nd quarter. Versant Capital Management Inc now owns 432 shares of the company's stock valued at $34,000 after buying an additional 399 shares during the period. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Down 1.1 %

Shares of HWM traded down $1.21 during mid-day trading on Friday, hitting $112.01. The company's stock had a trading volume of 2,221,703 shares, compared to its average volume of 2,380,704. 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 company's 50-day moving average is $102.37 and its 200-day moving average is $91.29. Howmet Aerospace Inc. has a 52-week low of $51.22 and a 52-week high of $116.74. The firm has a market capitalization of $45.51 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 1.50 and a beta of 1.46.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.29%. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.21%.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the company's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now directly owns 92,687 shares of the company's stock, valued at approximately $8,985,077.78. This represents a 43.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of the firm's stock in a transaction on Thursday, August 22nd. The stock was 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 directly owns 155,135 shares of the company's stock, valued at $14,982,938.30. The trade was a 49.96 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.12% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Sanford C. Bernstein lifted their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. KeyCorp cut shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their price objective 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. Robert W. Baird boosted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a 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 company's stock. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and an average target price 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.