GSA Capital Partners LLP Trims Holdings in Howmet Aerospace Inc. (NYSE:HWM)

GSA Capital Partners LLP lessened its stake in Howmet Aerospace Inc. (NYSE:HWM) by 80.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,085 shares of the company’s stock after selling 8,418 shares during the period. GSA Capital Partners LLP’s holdings in Howmet Aerospace were worth $209,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its holdings in Howmet Aerospace by 6.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after buying an additional 124 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after purchasing an additional 126 shares during the period. Cigna Investments Inc. New lifted its position in shares of Howmet Aerospace by 3.8% in the 2nd quarter. Cigna Investments Inc. New now owns 4,178 shares of the company’s stock worth $324,000 after buying an additional 153 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Howmet Aerospace by 4.9% in the 2nd quarter. HB Wealth Management LLC now owns 3,664 shares of the company’s stock valued at $284,000 after buying an additional 171 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Howmet Aerospace by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock valued at $203,000 after buying an additional 178 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Barclays boosted their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. UBS Group increased their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. 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 report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.41.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $118.44 on Monday. 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 company has a 50-day moving average of $104.62 and a 200-day moving average of $92.59. Howmet Aerospace Inc. has a twelve month low of $51.47 and a twelve month high of $119.28. The firm has a market cap of $48.12 billion, a price-to-earnings ratio of 45.21, a price-to-earnings-growth ratio of 1.57 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.27%. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Howmet Aerospace Company 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.