Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 9.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,005,752 shares of the company’s stock after selling 104,550 shares during the period. Howmet Aerospace comprises approximately 4.0% of Hardman Johnston Global Advisors LLC’s holdings, making the stock its 5th biggest holding. Hardman Johnston Global Advisors LLC’s holdings in Howmet Aerospace were worth $100,827,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of HWM. Wealth Enhancement Advisory Services LLC raised its holdings in Howmet Aerospace by 2.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,746 shares of the company’s stock valued at $872,000 after acquiring an additional 246 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Howmet Aerospace by 11.3% in the first quarter. Private Advisor Group LLC now owns 16,688 shares of the company’s stock valued at $1,142,000 after purchasing an additional 1,690 shares during the period. Janney Montgomery Scott LLC increased its stake in Howmet Aerospace by 8.8% in the first quarter. Janney Montgomery Scott LLC now owns 23,347 shares of the company’s stock valued at $1,598,000 after purchasing an additional 1,882 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Howmet Aerospace during the first quarter worth about $68,000. Finally, Daiwa Securities Group Inc. boosted its stake in Howmet Aerospace by 8.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 38,608 shares of the company’s stock worth $2,642,000 after buying an additional 2,993 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $102.16 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53. Howmet Aerospace Inc. has a 1 year low of $47.88 and a 1 year high of $106.93. The firm’s 50-day simple moving average is $99.39 and its 200-day simple moving average is $88.58. The firm has a market cap of $41.70 billion, a PE ratio of 45.20, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.31%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.16%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HWM shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Robert W. Baird increased their price target on shares of Howmet Aerospace from $84.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Benchmark boosted their price objective on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 12th. BTIG Research upped their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Barclays lifted their target price on Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.50.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s 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 transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 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 directly owns 155,135 shares in the company, valued at approximately $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This represents 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 corporate insiders.

About Howmet Aerospace

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.