MAI Capital Management Sells 3,061 Shares of Howmet Aerospace Inc. (NYSE:HWM)

MAI Capital Management lessened its stake in Howmet Aerospace Inc. (NYSE:HWM) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,367 shares of the company’s stock after selling 3,061 shares during the period. MAI Capital Management’s holdings in Howmet Aerospace were worth $2,743,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. RiverPark Advisors LLC bought a new stake in shares of Howmet Aerospace in the third quarter worth $26,000. Hollencrest Capital Management purchased a new position in Howmet Aerospace in the third quarter worth about $30,000. Cultivar Capital Inc. bought a new stake in shares of Howmet Aerospace during the 2nd quarter valued at about $26,000. LGT Financial Advisors LLC increased its position 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 valued at $28,000 after purchasing an additional 262 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Howmet Aerospace in the 2nd quarter worth approximately $32,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on HWM. Barclays boosted their target price 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. Royal Bank of Canada upped their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Susquehanna raised their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. BTIG Research boosted their price target on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Robert W. Baird raised their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.41.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 43.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. The trade was a 49.96 % decrease in their position. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by company insiders.

Howmet Aerospace Stock Up 2.5 %

Shares of HWM stock opened at $115.99 on Wednesday. The company’s fifty day simple moving average is $103.22 and its two-hundred day simple moving average is $91.80. Howmet Aerospace Inc. has a 52 week low of $51.22 and a 52 week high of $116.74. The stock has a market cap of $47.12 billion, a P/E ratio of 44.27, 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 company also recently declared 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s payout ratio is presently 12.21%.

Howmet Aerospace Company 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.