Massachusetts Financial Services Co. MA trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,789,628 shares of the company's stock after selling 1,055,988 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 4.60% of Howmet Aerospace worth $1,883,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Trustmark National Bank Trust Department lifted its stake in shares of Howmet Aerospace by 17.7% in the 3rd quarter. Trustmark National Bank Trust Department now owns 14,227 shares of the company's stock valued at $1,426,000 after purchasing an additional 2,136 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in Howmet Aerospace during the third quarter valued at about $791,000. Intech Investment Management LLC lifted its position in shares of Howmet Aerospace by 52.0% in the third quarter. Intech Investment Management LLC now owns 124,382 shares of the company's stock worth $12,469,000 after buying an additional 42,568 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Howmet Aerospace by 11.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,266 shares of the company's stock worth $327,000 after acquiring an additional 344 shares in the last quarter. Finally, Grant Street Asset Management Inc. acquired a new position in shares of Howmet Aerospace during the 3rd quarter valued at about $205,000. Institutional investors own 90.46% of the company's stock.
Howmet Aerospace Price Performance
Shares of HWM traded down $0.83 during mid-day trading on Thursday, hitting $117.27. 1,855,819 shares of the company traded hands, compared to its average volume of 2,930,376. 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 stock has a market capitalization of $47.64 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 1.56 and a beta of 1.46. The business has a 50-day moving average of $103.70 and a 200 day moving average of $91.99. Howmet Aerospace Inc. has a one year low of $51.47 and a one year high of $119.28.
Howmet Aerospace Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.27%. Howmet Aerospace's dividend payout ratio (DPR) is currently 12.21%.
Insider Buying and Selling at Howmet Aerospace
In related news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.12% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Susquehanna boosted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a report on Thursday, November 7th. Bank of America raised their target price on Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. UBS Group boosted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $115.41.
Read Our Latest Stock Analysis on HWM
About Howmet Aerospace
(
Free Report)
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.
See Also
Before you consider Howmet Aerospace, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Howmet Aerospace wasn't on the list.
While Howmet Aerospace currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
