Bank of Montreal Can Has $45.78 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Bank of Montreal Can trimmed its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 19.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 461,470 shares of the company's stock after selling 110,559 shares during the quarter. Bank of Montreal Can owned about 0.11% of Howmet Aerospace worth $45,782,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Caprock Group LLC boosted 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 acquiring an additional 106 shares during the period. Massmutual Trust Co. FSB ADV boosted 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 valued at $195,000 after purchasing an additional 124 shares during the period. OneDigital Investment Advisors LLC boosted 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 valued at $527,000 after purchasing an additional 124 shares during the period. Assetmark Inc. grew its position in Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company's stock worth $44,000 after purchasing an additional 126 shares during the last quarter. Finally, Huntington National Bank increased its stake in shares of Howmet Aerospace by 11.1% in the third quarter. Huntington National Bank now owns 1,526 shares of the company's stock valued at $153,000 after purchasing an additional 152 shares during the period. Institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. UBS Group upped their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Truist Financial raised their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. KeyCorp downgraded Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Finally, Barclays boosted their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $115.41.

Howmet Aerospace Stock Down 0.4 %

HWM stock traded down $0.48 during trading hours on Thursday, hitting $116.70. The company's stock had a trading volume of 1,766,622 shares, compared to its average volume of 2,930,349. The company has a market capitalization of $47.41 billion, a PE ratio of 44.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46. The stock has a 50 day moving average price of $106.31 and a two-hundred day moving average price of $93.42. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 12 month low of $51.47 and a 12 month high of $119.28.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Friday, November 8th. Howmet Aerospace's dividend payout ratio is 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.