Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in Howmet Aerospace Inc. (NYSE:HWM) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,149,523 shares of the company’s stock after selling 251,930 shares during the period. Thrivent Financial for Lutherans owned approximately 0.53% of Howmet Aerospace worth $215,490,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Cultivar Capital Inc. bought a new position in Howmet Aerospace during the 2nd quarter valued at $26,000. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace in the third quarter valued at $26,000. LGT Financial Advisors LLC boosted its stake in Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after buying an additional 262 shares in the last quarter. Hollencrest Capital Management acquired a new position in Howmet Aerospace during the third quarter worth about $30,000. Finally, Rothschild Investment LLC bought a new stake in Howmet Aerospace in the second quarter worth about $32,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The trade was a 43.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $14,982,938.30. The trade was a 49.96 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by company insiders.

Howmet Aerospace Stock Performance

Shares of HWM opened at $112.01 on Friday. The company has a market capitalization of $45.51 billion, a PE ratio of 42.75, 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. The company’s 50 day moving average price is $102.37 and its 200 day moving average price is $91.12. Howmet Aerospace Inc. has a 52 week low of $51.22 and a 52 week high of $116.74.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HWM. 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 research report on Thursday, November 7th. UBS Group raised their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Sanford C. Bernstein upped their price target on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Royal Bank of Canada raised their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Bank of America boosted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $115.41.

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.