Janney Montgomery Scott LLC Lowers Stake in Howmet Aerospace Inc. (NYSE:HWM)

Janney Montgomery Scott LLC lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 27,818 shares of the company’s stock after selling 2,140 shares during the period. Janney Montgomery Scott LLC’s holdings in Howmet Aerospace were worth $2,789,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HWM. JPMorgan Chase & Co. lifted its holdings in Howmet Aerospace by 18.7% during the 1st quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock worth $1,223,358,000 after buying an additional 2,813,911 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Howmet Aerospace by 28.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after buying an additional 3,158,186 shares in the last quarter. Lone Pine Capital LLC acquired a new stake in Howmet Aerospace during the 2nd quarter worth approximately $284,539,000. TD Asset Management Inc lifted its holdings in Howmet Aerospace by 16.9% during 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 in the last quarter. Finally, Capital Research Global Investors acquired a new stake in Howmet Aerospace during the 1st quarter worth approximately $148,996,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 0.9 %

Shares of Howmet Aerospace stock opened at $114.68 on Tuesday. Howmet Aerospace Inc. has a 1 year low of $49.36 and a 1 year high of $115.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.74 and a current ratio of 2.24. The company has a market capitalization of $46.81 billion, a P/E ratio of 43.77, a PEG ratio of 1.60 and a beta of 1.46. The company’s fifty day moving average is $100.74 and its two-hundred day moving average is $89.97.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s payout ratio is currently 12.21%.

Insiders Place Their Bets

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction dated Friday, August 23rd. The shares were 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 $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HWM has been the topic of a number of research reports. Sanford C. Bernstein increased their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Susquehanna raised their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. Truist Financial raised 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. Royal Bank of Canada raised their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $111.63.

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.