Barclays PLC Lowers Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Barclays PLC cut its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 17.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 905,823 shares of the company's stock after selling 197,454 shares during the period. Barclays PLC owned 0.22% of Howmet Aerospace worth $90,810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lone Pine Capital LLC purchased a new stake in Howmet Aerospace in the 2nd quarter worth approximately $284,539,000. D. E. Shaw & Co. Inc. increased its stake in shares of Howmet Aerospace by 1,168.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company's stock worth $90,175,000 after purchasing an additional 1,070,049 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Howmet Aerospace by 341.7% during the 2nd quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock valued at $55,071,000 after purchasing an additional 548,800 shares during the period. Natixis Advisors LLC lifted its stake in shares of Howmet Aerospace by 579.8% during the 2nd quarter. Natixis Advisors LLC now owns 592,463 shares of the company's stock valued at $45,993,000 after buying an additional 505,306 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Howmet Aerospace by 695.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company's stock worth $55,941,000 after buying an additional 487,880 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Susquehanna raised their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted 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. Sanford C. Bernstein increased their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a report on Monday, October 21st. UBS Group upped their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada lifted their price target 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 issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $115.59.

Howmet Aerospace Trading Down 2.1 %

Shares of HWM stock traded down $2.38 during trading hours on Thursday, reaching $113.70. 2,114,690 shares of the stock were exchanged, compared to its average volume of 2,903,123. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company's 50-day moving average price is $109.54 and its 200-day moving average price is $95.67. Howmet Aerospace Inc. has a 12-month low of $52.36 and a 12-month high of $120.71. The firm has a market capitalization of $46.19 billion, a price-to-earnings ratio of 44.31, a price-to-earnings-growth ratio of 1.59 and a beta of 1.48.

Howmet Aerospace Announces Dividend

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