Cumberland Partners Ltd Reduces Stake in Howmet Aerospace Inc. (NYSE:HWM)

Cumberland Partners Ltd lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 25.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,020 shares of the company's stock after selling 25,285 shares during the quarter. Cumberland Partners Ltd's holdings in Howmet Aerospace were worth $7,521,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cultivar Capital Inc. purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at $26,000. LGT Financial Advisors LLC boosted its stake 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 valued at $28,000 after purchasing an additional 262 shares during the last quarter. Hollencrest Capital Management acquired a new stake in Howmet Aerospace during the 3rd quarter worth approximately $30,000. Rothschild Investment LLC bought a new position in Howmet Aerospace during the second quarter worth $32,000. Finally, Versant Capital Management Inc raised its stake in Howmet Aerospace by 1,209.1% in the second quarter. Versant Capital Management Inc now owns 432 shares of the company's stock valued at $34,000 after purchasing an additional 399 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HWM shares. Wells Fargo & Company lifted their target price on Howmet Aerospace from $113.00 to $129.00 and gave the stock an "overweight" rating in a research note on Tuesday. BTIG Research boosted their target price on Howmet Aerospace from $95.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. KeyCorp lowered Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Susquehanna increased their price objective on shares of 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 given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $114.19.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares of the company's stock, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by company insiders.

Howmet Aerospace Stock Performance

Howmet Aerospace stock traded down $1.12 during trading hours on Tuesday, hitting $113.56. The company had a trading volume of 2,176,944 shares, compared to its average volume of 2,942,796. The firm has a market cap of $46.35 billion, a PE ratio of 43.77, a PEG ratio of 1.60 and a beta of 1.46. The firm has a 50-day moving average of $100.74 and a 200 day moving average of $89.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.74. Howmet Aerospace Inc. has a one year low of $49.36 and a one year high of $115.98.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders 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 yield of 0.28%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace's dividend payout ratio (DPR) 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.