Freedom Investment Management Inc. Cuts Position in Howmet Aerospace Inc. (NYSE:HWM)

Freedom Investment Management Inc. lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,791 shares of the company’s stock after selling 476 shares during the quarter. Freedom Investment Management Inc.’s holdings in Howmet Aerospace were worth $881,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC grew its stake in shares of Howmet Aerospace by 10.1% during the first quarter. Tidal Investments LLC now owns 8,114 shares of the company’s stock worth $555,000 after purchasing an additional 744 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Howmet Aerospace by 182.1% in the 1st quarter. Cetera Investment Advisers now owns 42,893 shares of the company’s stock valued at $2,935,000 after acquiring an additional 27,686 shares during the last quarter. Cetera Advisors LLC raised its position in shares of Howmet Aerospace by 164.9% during the 1st quarter. Cetera Advisors LLC now owns 13,859 shares of the company’s stock worth $948,000 after acquiring an additional 8,628 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Howmet Aerospace by 67.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 80,414 shares of the company’s stock worth $5,431,000 after purchasing an additional 32,431 shares during the last quarter. Finally, Railway Pension Investments Ltd acquired a new position in Howmet Aerospace in the first quarter valued at approximately $2,833,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HWM shares. Barclays raised their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. 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. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Robert W. Baird upped their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Sanford C. Bernstein lifted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.41.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $116.70 on Friday. The stock has a fifty day moving average price of $106.31 and a 200 day moving average price of $93.42. Howmet Aerospace Inc. has a 52 week low of $51.47 and a 52 week high of $119.28. The firm has a market capitalization of $47.41 billion, a P/E ratio of 44.54, a PEG ratio of 1.56 and a beta of 1.46. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Howmet Aerospace’s payout ratio is currently 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.