Planning Capital Management Corp Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Planning Capital Management Corp bought a new position in Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 511 shares of the company’s stock, valued at approximately $51,000.

Other large investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its stake in Howmet Aerospace by 6.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after purchasing an additional 124 shares in the last quarter. Assetmark Inc. grew its holdings in Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after acquiring an additional 126 shares during the last quarter. Huntington National Bank grew its holdings in Howmet Aerospace by 11.1% during the 3rd quarter. Huntington National Bank now owns 1,526 shares of the company’s stock worth $153,000 after acquiring an additional 152 shares during the last quarter. Cigna Investments Inc. New increased its position in Howmet Aerospace by 3.8% in the 2nd quarter. Cigna Investments Inc. New now owns 4,178 shares of the company’s stock valued at $324,000 after acquiring an additional 153 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in Howmet Aerospace by 3.2% in the 1st quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock valued at $348,000 after acquiring an additional 158 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This trade represents a 49.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This represents a 43.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.

Howmet Aerospace Stock Down 2.2 %

HWM stock opened at $113.25 on Friday. Howmet Aerospace Inc. has a twelve month low of $51.22 and a twelve month high of $116.74. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $46.01 billion, a PE ratio of 43.23, a P/E/G ratio of 1.54 and a beta of 1.46. The stock’s 50 day moving average is $101.58 and its 200-day moving average is $90.48.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders 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 yield of 0.28%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group increased their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays upped their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Bank of America boosted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.