Commerce Bank Decreases Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Commerce Bank trimmed its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 11.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,796 shares of the company’s stock after selling 5,287 shares during the quarter. Commerce Bank’s holdings in Howmet Aerospace were worth $3,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Cultivar Capital Inc. purchased a new position in shares of Howmet Aerospace in the second quarter worth $26,000. RiverPark Advisors LLC purchased a new position in shares of Howmet Aerospace in the third quarter valued at about $26,000. LGT Financial Advisors LLC raised its stake in shares of Howmet Aerospace by 278.7% during the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of Howmet Aerospace during the third quarter worth about $30,000. Finally, Rothschild Investment LLC bought a new stake in shares of Howmet Aerospace in the second quarter worth about $32,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company increased their price objective on Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Barclays boosted their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.41.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $118.44 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The company has a market capitalization of $48.12 billion, a price-to-earnings ratio of 45.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46. Howmet Aerospace Inc. has a one year low of $51.47 and a one year high of $119.28. The company’s 50-day moving average is $104.62 and its 200 day moving average is $92.43.

Howmet Aerospace Dividend Announcement

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 issued a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Howmet Aerospace’s payout ratio is currently 12.21%.

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.