Thrivent Financial for Lutherans Reduces Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Thrivent Financial for Lutherans cut its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,149,523 shares of the company's stock after selling 251,930 shares during the period. Thrivent Financial for Lutherans owned approximately 0.53% of Howmet Aerospace worth $215,490,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Senator Investment Group LP increased its holdings in Howmet Aerospace by 24.8% in the second quarter. Senator Investment Group LP now owns 156,000 shares of the company's stock valued at $12,110,000 after buying an additional 31,000 shares in the last quarter. Terra Nova Asset Management LLC purchased a new position in shares of Howmet Aerospace during the 3rd quarter worth approximately $1,264,000. Wealthspire Advisors LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter worth approximately $209,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Howmet Aerospace by 1,258.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company's stock worth $206,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Howmet Aerospace by 51.6% during the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company's stock worth $1,744,000 after purchasing an additional 8,676 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the firm'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 transaction, the executive vice president now owns 92,687 shares of the company's stock, valued at approximately $8,985,077.78. This trade represents a 43.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ken Giacobbe sold 154,909 shares of the firm's stock in a transaction on 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 transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. This represents a 49.96 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.

Howmet Aerospace Trading Down 1.1 %

Shares of HWM traded down $1.21 during mid-day trading on Friday, reaching $112.01. The company had a trading volume of 2,221,703 shares, compared to its average volume of 2,380,704. The stock has a market cap of $45.51 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. The firm has a fifty day simple moving average of $102.37 and a 200-day simple moving average of $91.29. Howmet Aerospace Inc. has a fifty-two week low of $51.22 and a fifty-two week high of $116.74. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.29%. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.21%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HWM. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. UBS Group raised their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Truist Financial raised their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. KeyCorp lowered shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th. 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.41.

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.