BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Trims Position in Howmet Aerospace Inc. (NYSE:HWM)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 53.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,697 shares of the company's stock after selling 74,197 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Howmet Aerospace were worth $6,486,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Tidal Investments LLC grew its position in Howmet Aerospace by 10.1% in the 1st quarter. Tidal Investments LLC now owns 8,114 shares of the company's stock valued at $555,000 after purchasing an additional 744 shares during the period. Cetera Investment Advisers grew its position in Howmet Aerospace by 182.1% in the 1st quarter. Cetera Investment Advisers now owns 42,893 shares of the company's stock valued at $2,935,000 after purchasing an additional 27,686 shares during the period. Cetera Advisors LLC grew its position in Howmet Aerospace by 164.9% in the 1st quarter. Cetera Advisors LLC now owns 13,859 shares of the company's stock valued at $948,000 after purchasing an additional 8,628 shares during the period. DekaBank Deutsche Girozentrale grew its position in Howmet Aerospace by 67.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 80,414 shares of the company's stock valued at $5,431,000 after purchasing an additional 32,431 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in Howmet Aerospace by 13.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,820 shares of the company's stock valued at $141,000 after purchasing an additional 217 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on HWM shares. Truist Financial lifted their price target on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Robert W. Baird raised their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Barclays raised their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Bank of America raised their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company raised their price objective on Howmet Aerospace from $113.00 to $129.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. One research 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's stock. According to data from MarketBeat, Howmet Aerospace has an average rating of "Moderate Buy" and an average target price of $115.41.

Howmet Aerospace Stock Performance

HWM traded up $1.39 during trading hours on Tuesday, hitting $119.08. The stock had a trading volume of 2,251,679 shares, compared to its average volume of 2,523,557. The company's fifty day simple moving average is $107.51 and its 200 day simple moving average is $94.35. Howmet Aerospace Inc. has a 1 year low of $52.06 and a 1 year high of $119.40. The stock has a market cap of $48.38 billion, a PE ratio of 45.45, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace's dividend payout ratio (DPR) 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.