Braun Stacey Associates Inc. Decreases Position in Howmet Aerospace Inc. (NYSE:HWM)

Braun Stacey Associates Inc. lowered its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 384,810 shares of the company's stock after selling 26,192 shares during the period. Howmet Aerospace comprises 1.5% of Braun Stacey Associates Inc.'s holdings, making the stock its 12th largest holding. Braun Stacey Associates Inc. owned about 0.09% of Howmet Aerospace worth $38,577,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HWM. Lone Pine Capital LLC bought a new position in shares of Howmet Aerospace during the second quarter valued at $284,539,000. Price T Rowe Associates Inc. MD raised its stake in Howmet Aerospace by 28.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company's stock worth $966,959,000 after buying an additional 3,158,186 shares during the last quarter. Capital Research Global Investors bought a new position in Howmet Aerospace during the first quarter worth $148,996,000. D. E. Shaw & Co. Inc. raised its stake in Howmet Aerospace by 1,168.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company's stock worth $90,175,000 after buying an additional 1,070,049 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Howmet Aerospace by 341.7% during the second quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock worth $55,071,000 after buying an additional 548,800 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Insider Activity at Howmet Aerospace

In other news, CFO Ken Giacobbe sold 154,909 shares of the firm's stock in a transaction dated Thursday, August 22nd. The shares were 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 approximately $14,982,938.30. This trade represents a 49.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm's stock in a transaction dated 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 completion of the sale, 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 disclosure for this sale can be found here. 1.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HWM. KeyCorp downgraded shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. BTIG Research lifted their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, August 5th. Truist Financial lifted their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada lifted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average price target of $115.41.

Howmet Aerospace Price Performance

NYSE HWM traded up $0.66 on Monday, hitting $112.67. The stock had a trading volume of 524,456 shares, compared to its average volume of 2,924,842. Howmet Aerospace Inc. has a 52-week low of $51.22 and a 52-week high of $116.74. 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 company has a market capitalization of $45.77 billion, a price-to-earnings ratio of 43.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. The firm has a 50-day moving average of $102.37 and a 200-day moving average of $91.29.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Friday, November 8th. Howmet Aerospace's dividend payout ratio is currently 12.21%.

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.