L & S Advisors Inc Lowers Position in Howmet Aerospace Inc. (NYSE:HWM)

L & S Advisors Inc reduced its stake in Howmet Aerospace Inc. (NYSE:HWM) by 9.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,081 shares of the company’s stock after selling 3,115 shares during the quarter. L & S Advisors Inc’s holdings in Howmet Aerospace were worth $2,915,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HWM. Caprock Group LLC boosted its stake in Howmet Aerospace by 1.0% in the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after purchasing an additional 106 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in shares of Howmet Aerospace by 6.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock valued at $195,000 after buying an additional 124 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in Howmet Aerospace by 2.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock worth $527,000 after purchasing an additional 124 shares during the period. Assetmark Inc. increased its stake in Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after purchasing an additional 126 shares during the period. Finally, Huntington National Bank increased its stake in Howmet Aerospace by 11.1% in the 3rd quarter. Huntington National Bank now owns 1,526 shares of the company’s stock worth $153,000 after purchasing an additional 152 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. 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 note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price target on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Royal Bank of Canada lifted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. UBS Group boosted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Bank of America boosted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.41.

Howmet Aerospace Stock Performance

Shares of HWM opened at $118.10 on Thursday. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of $103.70 and a two-hundred day simple moving average of $91.99. The stock has a market cap of $47.98 billion, a price-to-earnings ratio of 45.08, a PEG ratio of 1.56 and a beta of 1.46. Howmet Aerospace Inc. has a 52 week low of $51.29 and a 52 week high of $118.20.

Howmet Aerospace Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This represents a 43.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.12% of the company’s stock.

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.