Citigroup Inc. Cuts Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Citigroup Inc. lowered its stake in Howmet Aerospace Inc. (NYSE:HWM) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 617,905 shares of the company’s stock after selling 11,953 shares during the period. Citigroup Inc. owned 0.15% of Howmet Aerospace worth $61,945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Howmet Aerospace by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after buying an additional 114,457 shares during the last quarter. Trustmark National Bank Trust Department grew its stake in shares of Howmet Aerospace by 17.7% in the 3rd quarter. Trustmark National Bank Trust Department now owns 14,227 shares of the company’s stock worth $1,426,000 after buying an additional 2,136 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Howmet Aerospace in the 3rd quarter worth approximately $791,000. Intech Investment Management LLC grew its stake in shares of Howmet Aerospace by 52.0% in the 3rd quarter. Intech Investment Management LLC now owns 124,382 shares of the company’s stock worth $12,469,000 after buying an additional 42,568 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Howmet Aerospace by 11.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,266 shares of the company’s stock valued at $327,000 after acquiring an additional 344 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 1.2 %

NYSE:HWM opened at $118.44 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market capitalization of $48.12 billion, a price-to-earnings ratio of 45.21, a price-to-earnings-growth ratio of 1.57 and a beta of 1.46. Howmet Aerospace Inc. has a one year low of $51.47 and a one year high of $119.28. The business has a fifty day moving average price of $104.62 and a 200-day moving average price of $92.52.

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. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group upped their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Truist Financial upped their price objective on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird upped 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. Deutsche Bank Aktiengesellschaft upped their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company upped their price objective on Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $115.41.

Howmet Aerospace 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.