Forsta AP Fonden Reduces Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Forsta AP Fonden lessened its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 145,000 shares of the company's stock after selling 5,200 shares during the period. Forsta AP Fonden's holdings in Howmet Aerospace were worth $15,859,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after buying an additional 1,336,592 shares during the period. Assenagon Asset Management S.A. increased its position in Howmet Aerospace by 695.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company's stock valued at $55,941,000 after purchasing an additional 487,880 shares during the period. Geode Capital Management LLC raised its holdings in Howmet Aerospace by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock worth $949,382,000 after purchasing an additional 453,275 shares during the last quarter. State Street Corp lifted its position in shares of Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company's stock worth $1,748,378,000 after purchasing an additional 384,171 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in shares of Howmet Aerospace by 332.6% in the 3rd quarter. Retirement Systems of Alabama now owns 370,027 shares of the company's stock valued at $37,095,000 after purchasing an additional 284,487 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

Shares of NYSE HWM traded down $0.51 during midday trading on Thursday, reaching $125.85. The company's stock had a trading volume of 400,613 shares, compared to its average volume of 2,691,158. The stock has a market capitalization of $51.13 billion, a P/E ratio of 48.03, a PEG ratio of 1.43 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a 50 day moving average price of $116.62 and a 200-day moving average price of $104.28. Howmet Aerospace Inc. has a 12-month low of $55.89 and a 12-month high of $129.10.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Friday, February 7th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio is 12.21%.

Analyst Ratings Changes

A number of brokerages have commented on HWM. Royal Bank of Canada upped their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Sanford C. Bernstein upped their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. KeyCorp downgraded Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird raised their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $115.71.

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.