KBC Group NV Has $4.53 Million Stake in Howmet Aerospace Inc. (NYSE:HWM)

KBC Group NV lessened its position in Howmet Aerospace Inc. (NYSE:HWM) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,367 shares of the company’s stock after selling 5,905 shares during the period. KBC Group NV’s holdings in Howmet Aerospace were worth $4,525,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group increased its stake in shares of Howmet Aerospace by 6.1% in the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock valued at $183,000 after buying an additional 97 shares during the period. Caprock Group LLC increased its position in Howmet Aerospace by 1.0% in the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after acquiring an additional 106 shares during the period. Versant Capital Management Inc raised its stake in shares of Howmet Aerospace by 18.7% during the fourth quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock valued at $81,000 after acquiring an additional 117 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Howmet Aerospace by 6.8% during the third 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. Finally, OneDigital Investment Advisors LLC grew its stake in shares of Howmet Aerospace by 2.4% in the third quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock worth $527,000 after purchasing an additional 124 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on HWM shares. Wells Fargo & Company lifted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. UBS Group lifted 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. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Susquehanna boosted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird increased their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Stock Up 0.7 %

HWM stock opened at $127.30 on Friday. The stock’s 50 day simple moving average is $116.62 and its 200 day simple moving average is $104.28. The company has a market cap of $51.72 billion, a P/E ratio of 48.59, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. 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 fifty-two week low of $55.89 and a fifty-two week high of $129.10.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a $0.10 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) 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.