Bank of Montreal Can Sells 110,559 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Bank of Montreal Can reduced its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 19.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 461,470 shares of the company’s stock after selling 110,559 shares during the period. Bank of Montreal Can’s holdings in Howmet Aerospace were worth $45,782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HWM. Tidal Investments LLC lifted its stake in shares of Howmet Aerospace by 10.1% during the 1st quarter. Tidal Investments LLC now owns 8,114 shares of the company’s stock worth $555,000 after acquiring an additional 744 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Howmet Aerospace by 182.1% during the first quarter. Cetera Investment Advisers now owns 42,893 shares of the company’s stock valued at $2,935,000 after buying an additional 27,686 shares during the period. Cetera Advisors LLC raised its holdings in shares of Howmet Aerospace by 164.9% in the first quarter. Cetera Advisors LLC now owns 13,859 shares of the company’s stock valued at $948,000 after acquiring an additional 8,628 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Howmet Aerospace by 67.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 80,414 shares of the company’s stock valued at $5,431,000 after acquiring an additional 32,431 shares in the last quarter. Finally, Railway Pension Investments Ltd purchased a new stake in Howmet Aerospace in the first quarter worth about $2,833,000. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on HWM. Bank of America boosted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Barclays lifted their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. UBS Group upped 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, November 7th. Finally, Wells Fargo & Company lifted their target price on Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.41.

Howmet Aerospace Trading Down 0.4 %

NYSE HWM opened at $116.69 on Thursday. The company has a fifty day simple moving average of $105.93 and a two-hundred day simple moving average of $93.25. The stock has a market cap of $47.41 billion, a P/E ratio of 44.54, a P/E/G ratio of 1.56 and a beta of 1.46. Howmet Aerospace Inc. has a 12-month low of $51.47 and a 12-month high of $119.28. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

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

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.