Howmet Aerospace Inc. (NYSE:HWM) Stake Decreased by PDT Partners LLC

PDT Partners LLC trimmed its stake in Howmet Aerospace Inc. (NYSE:HWM) by 16.4% in the third quarter, Holdings Channel.com reports. The firm owned 69,069 shares of the company’s stock after selling 13,537 shares during the quarter. Howmet Aerospace comprises about 0.6% of PDT Partners LLC’s portfolio, making the stock its 6th largest position. PDT Partners LLC’s holdings in Howmet Aerospace were worth $6,924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HWM. Caprock Group LLC increased its stake in Howmet Aerospace by 1.0% during the third quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after acquiring an additional 106 shares during the last quarter. Massmutual Trust Co. FSB ADV grew 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 worth $195,000 after purchasing an additional 124 shares during the period. OneDigital Investment Advisors LLC increased its position in Howmet Aerospace by 2.4% during 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 in the last quarter. Assetmark Inc. raised its holdings in Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after buying an additional 126 shares during the period. Finally, Huntington National Bank lifted its position in Howmet Aerospace by 11.1% during the third quarter. Huntington National Bank now owns 1,526 shares of the company’s stock valued at $153,000 after buying an additional 152 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM opened at $118.46 on Friday. The company has a market capitalization of $48.13 billion, a P/E ratio of 45.21, a PEG ratio of 1.57 and a beta of 1.46. The company has a 50-day moving average of $106.73 and a 200-day moving average of $93.68. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a 1-year low of $51.79 and a 1-year high of $119.28.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date was Friday, November 8th. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HWM shares. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Robert W. Baird raised their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Sanford C. Bernstein boosted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. BTIG Research increased their target price on Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Barclays raised their target price on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.