Bank of Montreal Can Sells 110,559 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Bank of Montreal Can lowered its stake in Howmet Aerospace Inc. (NYSE:HWM) by 19.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 461,470 shares of the company’s stock after selling 110,559 shares during the quarter. Bank of Montreal Can owned 0.11% of Howmet Aerospace worth $45,782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cultivar Capital Inc. bought a new stake in Howmet Aerospace in the second quarter valued at approximately $26,000. RiverPark Advisors LLC bought a new position in shares of Howmet Aerospace during the third quarter valued at approximately $26,000. LGT Financial Advisors LLC raised its holdings 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 in the last quarter. Hollencrest Capital Management bought a new position in shares of Howmet Aerospace during the third quarter valued at approximately $30,000. Finally, Rothschild Investment LLC bought a new position in shares of Howmet Aerospace during the second quarter valued at approximately $32,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $116.69 on Thursday. The stock has a market cap of $47.41 billion, a price-to-earnings ratio of 44.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46. 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 stock has a 50 day moving average price of $105.93 and a 200-day moving average price of $93.25. Howmet Aerospace Inc. has a one year low of $51.47 and a one year high of $119.28.

Howmet Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Susquehanna upped their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. UBS Group upped their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their target price on Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Sanford C. Bernstein upped their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Truist Financial increased their target price on Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. 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 a consensus 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.