Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd lowered its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 77.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,290 shares of the company's stock after selling 99,953 shares during the period. Quadrature Capital Ltd's holdings in Howmet Aerospace were worth $2,936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RiverPark Advisors LLC acquired a new position in Howmet Aerospace during the 3rd quarter worth approximately $26,000. Hollencrest Capital Management acquired a new position in Howmet Aerospace during the 3rd quarter worth approximately $30,000. Cultivar Capital Inc. acquired a new position in Howmet Aerospace during the 2nd quarter worth approximately $26,000. LGT Financial Advisors LLC grew its holdings in Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock worth $28,000 after acquiring an additional 262 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in Howmet Aerospace during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on HWM shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of 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 upped their target price 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. Barclays upped their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Bank of America upped their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company upped their target price on shares of Howmet Aerospace from $113.00 to $129.00 and gave the company an "overweight" rating in a 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 issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $115.41.

Howmet Aerospace Stock Performance

HWM stock traded down $1.76 on Friday, hitting $118.31. The company's stock had a trading volume of 1,912,934 shares, compared to its average volume of 2,911,904. The firm has a 50 day moving average of $108.33 and a two-hundred day moving average of $94.71. Howmet Aerospace Inc. has a 1 year low of $52.26 and a 1 year high of $120.71. The stock has a market cap of $48.06 billion, a price-to-earnings ratio of 45.16, a price-to-earnings-growth ratio of 1.60 and a beta of 1.48. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Friday, November 8th. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.21%.

Howmet Aerospace 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.