Strengthening Families & Communities LLC Sells 6,028 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Strengthening Families & Communities LLC reduced its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 30.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,090 shares of the company’s stock after selling 6,028 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Howmet Aerospace were worth $1,413,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Massmutual Trust Co. FSB ADV lifted its position in shares of 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. OneDigital Investment Advisors LLC lifted its position in shares of Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock worth $527,000 after buying an additional 124 shares during the last quarter. Assetmark Inc. lifted its position in shares of Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after buying an additional 126 shares during the last quarter. Huntington National Bank raised its position in Howmet Aerospace by 11.1% in the third quarter. Huntington National Bank now owns 1,526 shares of the company’s stock valued at $153,000 after purchasing an additional 152 shares during the last quarter. Finally, Cigna Investments Inc. New raised its position in Howmet Aerospace by 3.8% in the second quarter. Cigna Investments Inc. New now owns 4,178 shares of the company’s stock valued at $324,000 after purchasing an additional 153 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Howmet Aerospace

In other news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the transaction, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This represents a 49.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of the 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 transaction, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This represents a 43.25 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. UBS Group increased their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their target price on Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Truist Financial increased their target price on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.41.

Howmet Aerospace Trading Down 1.1 %

NYSE HWM opened at $112.01 on Monday. Howmet Aerospace Inc. has a 1-year low of $51.22 and a 1-year high of $116.74. 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 stock has a 50-day moving average of $102.37 and a 200-day moving average of $91.29. The firm has a market cap of $45.51 billion, a PE ratio of 42.75, a price-to-earnings-growth ratio of 1.50 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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s payout ratio 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.