Howmet Aerospace Inc. (NYSE:HWM) Stake Cut by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lessened its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 67.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,000 shares of the company’s stock after selling 60,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Howmet Aerospace were worth $2,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. RiverPark Advisors LLC purchased a new position in Howmet Aerospace during the third quarter valued at approximately $26,000. Hollencrest Capital Management purchased a new position in shares of Howmet Aerospace during the 3rd quarter valued at $30,000. Cultivar Capital Inc. acquired a new position in shares of Howmet Aerospace in the second quarter worth $26,000. LGT Financial Advisors LLC raised its holdings in shares of Howmet Aerospace by 278.7% during the second 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 stake in Howmet Aerospace during the second quarter valued at $32,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 0.6 %

HWM opened at $117.69 on Tuesday. Howmet Aerospace Inc. has a 1-year low of $52.06 and a 1-year high of $119.28. The business has a 50 day moving average of $106.73 and a 200-day moving average of $93.85. The stock has a market capitalization of $47.81 billion, a price-to-earnings ratio of 44.92, a P/E/G ratio of 1.59 and a beta of 1.46. 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 disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Howmet Aerospace’s payout ratio is 12.21%.

Analysts Set New Price Targets

HWM has been the topic of several research reports. Barclays upped their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. UBS Group increased their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Susquehanna lifted their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Robert W. Baird raised their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Truist Financial lifted 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. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $115.41.

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.