Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. cut its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 24.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,991 shares of the company’s stock after selling 977 shares during the period. Raymond James Trust N.A.’s holdings in Howmet Aerospace were worth $300,000 at the end of the most recent quarter.

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

Howmet Aerospace Stock Down 0.4 %

Shares of HWM opened at $116.69 on Thursday. The company’s 50-day moving average price is $105.93 and its 200 day moving average price is $93.25. Howmet Aerospace Inc. has a 12-month low of $51.47 and a 12-month high of $119.28. 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 firm has a market cap of $47.41 billion, a P/E ratio of 44.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46.

Howmet Aerospace Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Bank of America increased their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Susquehanna raised their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. 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 research note on Thursday, November 7th. Finally, Sanford C. Bernstein raised 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.41.

About Howmet Aerospace

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.