South Street Advisors LLC Has $16.29 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

South Street Advisors LLC decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 11.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,461 shares of the company’s stock after selling 21,454 shares during the period. Howmet Aerospace comprises 2.5% of South Street Advisors LLC’s portfolio, making the stock its 17th biggest position. South Street Advisors LLC’s holdings in Howmet Aerospace were worth $16,287,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cultivar Capital Inc. bought a new position in shares of Howmet Aerospace during the 2nd quarter valued at about $26,000. LGT Financial Advisors LLC increased its position in Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after buying an additional 262 shares during the last quarter. Hollencrest Capital Management acquired a new stake in Howmet Aerospace during the 3rd quarter valued at $30,000. Rothschild Investment LLC bought a new stake in shares of Howmet Aerospace during the 2nd quarter worth about $32,000. Finally, Versant Capital Management Inc grew its position in shares of Howmet Aerospace by 1,209.1% in the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after purchasing an additional 399 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM traded down $1.21 during trading on Friday, hitting $112.01. 2,221,703 shares of the company traded hands, compared to its average volume of 2,935,654. The stock’s 50-day simple moving average is $102.37 and its two-hundred day simple moving average is $90.95. 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 company has a market cap of $45.51 billion, a PE ratio of 42.75, a P/E/G ratio of 1.57 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. Shareholders of record on Friday, November 8th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s payout ratio is currently 12.21%.

Insider Buying and Selling at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction on 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 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The trade was a 49.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HWM shares. Royal Bank of Canada upped their target price on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. UBS Group raised their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Barclays boosted their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Sanford C. Bernstein boosted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One research 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’s stock. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average target price 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.