Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. cut its stake in Howmet Aerospace Inc. (NYSE:HWM) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,462 shares of the company’s stock after selling 181 shares during the quarter. Beacon Harbor Wealth Advisors Inc.’s holdings in Howmet Aerospace were worth $6,563,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its position in shares of Howmet Aerospace by 6.8% in the third 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 during the last quarter. Cigna Investments Inc. New raised its holdings in Howmet Aerospace by 3.8% in the 2nd quarter. Cigna Investments Inc. New now owns 4,178 shares of the company’s stock valued at $324,000 after acquiring an additional 153 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Howmet Aerospace by 3.2% in the 1st quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock worth $348,000 after purchasing an additional 158 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Howmet Aerospace by 4.9% during the 2nd quarter. HB Wealth Management LLC now owns 3,664 shares of the company’s stock worth $284,000 after purchasing an additional 171 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Howmet Aerospace by 7.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock valued at $203,000 after purchasing an additional 178 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Down 3.2 %

NYSE:HWM opened at $111.23 on Friday. Howmet Aerospace Inc. has a 12-month low of $47.88 and a 12-month high of $115.38. The firm has a market cap of $45.40 billion, a PE ratio of 49.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The stock has a fifty day moving average price of $99.75 and a 200 day moving average price of $88.76.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s payout ratio is presently 14.16%.

Analyst Upgrades and Downgrades

HWM has been the topic of a number of recent research reports. UBS Group boosted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday. Robert W. Baird boosted their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank of Canada lifted their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, BTIG Research lifted their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.75.

Insider Transactions at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

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.