Itau Unibanco Holding S.A. Sells 55,620 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Itau Unibanco Holding S.A. cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 95.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,880 shares of the company's stock after selling 55,620 shares during the period. Itau Unibanco Holding S.A.'s holdings in Howmet Aerospace were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWM. Lone Pine Capital LLC acquired a new stake in shares of Howmet Aerospace in the 2nd quarter valued at about $284,539,000. TD Asset Management Inc raised its stake in shares of Howmet Aerospace by 16.9% in the 2nd quarter. TD Asset Management Inc now owns 3,152,629 shares of the company's stock valued at $244,739,000 after purchasing an additional 455,180 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Howmet Aerospace by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company's stock valued at $231,101,000 after purchasing an additional 114,457 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Howmet Aerospace by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company's stock valued at $163,218,000 after purchasing an additional 56,614 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in shares of Howmet Aerospace by 12.2% in the third quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company's stock valued at $138,159,000 after acquiring an additional 150,387 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on HWM. Bank of America lifted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. UBS Group boosted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upped their target price on Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Wells Fargo & Company upped 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, November 12th. Finally, Royal Bank of Canada increased their price target on Howmet Aerospace from $105.00 to $135.00 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 given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $115.41.

Howmet Aerospace Stock Up 0.1 %

Shares of HWM traded up $0.10 during trading hours on Wednesday, hitting $119.21. The stock had a trading volume of 904,811 shares, compared to its average volume of 2,911,678. The firm has a market capitalization of $48.43 billion, a P/E ratio of 45.45, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 1-year low of $52.06 and a 1-year high of $120.08. The firm has a 50 day simple moving average of $107.51 and a 200-day simple moving average of $94.35.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Howmet Aerospace's dividend payout ratio (DPR) is currently 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.