HighTower Advisors LLC Trims Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

HighTower Advisors LLC lessened its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 40.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,657 shares of the company's stock after selling 20,783 shares during the quarter. HighTower Advisors LLC's holdings in Howmet Aerospace were worth $3,078,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cultivar Capital Inc. bought a new position in shares of Howmet Aerospace in the 2nd quarter worth $26,000. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace in the third quarter worth $26,000. LGT Financial Advisors LLC increased its stake in shares of Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock worth $28,000 after acquiring an additional 262 shares during the period. Hollencrest Capital Management acquired a new stake in Howmet Aerospace during the 3rd quarter worth about $30,000. Finally, Rothschild Investment LLC acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $32,000. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Down 0.2 %

Shares of NYSE:HWM traded down $0.23 during trading on Friday, hitting $113.47. The company's stock had a trading volume of 1,564,931 shares, compared to its average volume of 2,897,582. The company has a market capitalization of $46.10 billion, a PE ratio of 43.31, a P/E/G ratio of 1.56 and a beta of 1.48. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a fifty-two week low of $52.36 and a fifty-two week high of $120.71. The business has a 50 day moving average price of $110.03 and a two-hundred day moving average price of $95.99.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Friday, November 8th. Howmet Aerospace's dividend payout ratio is presently 12.21%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group boosted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Susquehanna lifted their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a research report on Wednesday. KeyCorp lowered Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Finally, Barclays raised their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Monday, November 11th. One 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 MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average target price of $115.59.

About Howmet Aerospace

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.