Braun Stacey Associates Inc. Lowers Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Braun Stacey Associates Inc. decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,810 shares of the company’s stock after selling 26,192 shares during the quarter. Howmet Aerospace accounts for about 1.5% of Braun Stacey Associates Inc.’s holdings, making the stock its 12th biggest position. Braun Stacey Associates Inc. owned about 0.09% of Howmet Aerospace worth $38,577,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Cultivar Capital Inc. acquired a new position in Howmet Aerospace in the 2nd quarter valued at $26,000. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace during the 3rd quarter worth $26,000. LGT Financial Advisors LLC increased its holdings in shares of Howmet Aerospace by 278.7% during the 2nd 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 shares of Howmet Aerospace during the 3rd quarter worth $30,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Howmet Aerospace during the 2nd quarter worth $32,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Howmet Aerospace news, 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 value of $14,961,111.22. Following the sale, the chief financial officer now owns 155,135 shares in the company, valued at approximately $14,982,938.30. This trade represents a 49.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 43.25 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HWM. 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. UBS Group upped their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Barclays upped their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Royal Bank of Canada upped their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $112.01 on Monday. 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. The firm’s 50-day simple moving average is $102.37 and its 200-day simple moving average is $91.29. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a 1 year low of $51.22 and a 1 year high of $116.74.

Howmet Aerospace Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.29%. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

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.