Strengthening Families & Communities LLC Sells 6,028 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Strengthening Families & Communities LLC lessened its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 30.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,090 shares of the company's stock after selling 6,028 shares during the quarter. Strengthening Families & Communities LLC's holdings in Howmet Aerospace were worth $1,413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HWM. Avantax Advisory Services Inc. purchased a new position in shares of Howmet Aerospace during the 1st quarter worth $259,000. Blair William & Co. IL raised its position in Howmet Aerospace by 51.6% during the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company's stock valued at $1,744,000 after purchasing an additional 8,676 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Howmet Aerospace by 9.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,180 shares of the company's stock worth $2,271,000 after purchasing an additional 2,802 shares during the period. UniSuper Management Pty Ltd boosted its position in Howmet Aerospace by 371.7% during the first quarter. UniSuper Management Pty Ltd now owns 18,617 shares of the company's stock valued at $1,274,000 after purchasing an additional 14,670 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Howmet Aerospace by 2.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 132,493 shares of the company's stock worth $9,069,000 after purchasing an additional 3,234 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

NYSE HWM traded up $0.94 on Monday, reaching $112.95. The company's stock had a trading volume of 820,981 shares, compared to its average volume of 2,926,172. The firm's 50 day moving average is $102.37 and its two-hundred day moving average is $91.29. The stock has a market cap of $45.89 billion, a PE ratio of 43.20, a PEG ratio of 1.50 and a beta of 1.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a twelve month low of $51.22 and a twelve month high of $116.74.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Friday, November 8th. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.21%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Wells Fargo & Company raised their price objective on shares of Howmet Aerospace from $113.00 to $129.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. Susquehanna increased their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research report on Thursday, November 7th. Sanford C. Bernstein boosted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Finally, UBS Group lifted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. One equities research 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $115.41.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the company's stock in a transaction 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 directly owns 92,687 shares in the company, valued at $8,985,077.78. This represents a 43.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares of the company's stock, valued at $14,982,938.30. This represents a 49.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company's stock.

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.