Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. trimmed its position in Howmet Aerospace Inc. (NYSE:HWM) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,791 shares of the company’s stock after selling 476 shares during the quarter. Freedom Investment Management Inc.’s holdings in Howmet Aerospace were worth $881,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cynosure Group LLC purchased a new position in Howmet Aerospace in the third quarter valued at approximately $409,000. Townsquare Capital LLC acquired a new stake in shares of Howmet Aerospace in the third quarter worth $292,000. Transamerica Financial Advisors Inc. purchased a new position in shares of Howmet Aerospace in the 3rd quarter valued at $5,939,000. Settian Capital LP acquired a new position in shares of Howmet Aerospace during the 3rd quarter valued at $1,002,000. Finally, Brooklyn Investment Group acquired a new position in shares of Howmet Aerospace during the 3rd quarter valued at $158,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $116.70 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $47.41 billion, a price-to-earnings ratio of 44.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46. Howmet Aerospace Inc. has a twelve month low of $51.47 and a twelve month high of $119.28. The business has a 50 day simple moving average of $106.31 and a 200-day simple moving average of $93.42.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.27%. Howmet Aerospace’s payout ratio is 12.21%.

Wall Street Analyst Weigh In

Several research firms have commented on HWM. Bank of America raised their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Robert W. Baird raised their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Susquehanna upped their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada raised their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.