Advisors Asset Management Inc. Sells 2,846 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Advisors Asset Management Inc. reduced its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,320 shares of the company’s stock after selling 2,846 shares during the period. Advisors Asset Management Inc.’s holdings in Howmet Aerospace were worth $8,654,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Avantax Advisory Services Inc. bought a new position in shares of Howmet Aerospace in the 1st quarter worth about $259,000. O Shaughnessy Asset Management LLC raised its position in shares of Howmet Aerospace by 9.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,180 shares of the company’s stock worth $2,271,000 after acquiring an additional 2,802 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Howmet Aerospace by 2.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 132,493 shares of the company’s stock worth $9,069,000 after acquiring an additional 3,234 shares in the last quarter. Pitcairn Co. bought a new position in shares of Howmet Aerospace in the 1st quarter worth about $232,000. Finally, Capital International Sarl raised its position in shares of Howmet Aerospace by 6.5% in the 1st quarter. Capital International Sarl now owns 85,254 shares of the company’s stock worth $5,834,000 after acquiring an additional 5,199 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s 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 transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. This represents a 43.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.12% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $118.10 on Thursday. Howmet Aerospace Inc. has a twelve month low of $51.29 and a twelve month high of $118.20. The stock’s 50 day moving average price is $103.70 and its 200-day moving average price is $91.99. The company has a market capitalization of $47.98 billion, a PE ratio of 45.08, a PEG ratio of 1.50 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. Howmet Aerospace’s payout ratio is presently 12.21%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group lifted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Barclays boosted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.41.

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.