Massmutual Trust Co. FSB ADV Reduces Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Massmutual Trust Co. FSB ADV reduced its stake in Howmet Aerospace Inc. (NYSE:HWM) by 40.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,615 shares of the company’s stock after selling 1,104 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Howmet Aerospace were worth $75,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HWM. V Square Quantitative Management LLC acquired a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $29,000. Clear Street Markets LLC lifted its position in Howmet Aerospace by 93.8% during the first quarter. Clear Street Markets LLC now owns 721 shares of the company’s stock valued at $31,000 after purchasing an additional 349 shares during the period. Financial Freedom LLC acquired a new position in Howmet Aerospace during the fourth quarter valued at $29,000. Global Retirement Partners LLC lifted its position in Howmet Aerospace by 117.8% during the first quarter. Global Retirement Partners LLC now owns 747 shares of the company’s stock valued at $33,000 after purchasing an additional 404 shares during the period. Finally, Aspire Private Capital LLC acquired a new position in shares of Howmet Aerospace in the 1st quarter valued at about $33,896,000,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Down 0.1 %

Shares of Howmet Aerospace stock traded down $0.06 on Friday, reaching $51.47. The company had a trading volume of 2,113,768 shares, compared to its average volume of 2,734,285. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.94 and a current ratio of 2.14. The firm has a market cap of $21.19 billion, a PE ratio of 33.86, a PEG ratio of 1.35 and a beta of 1.44. The firm’s 50 day moving average price is $46.48 and its two-hundred day moving average price is $47.12. Howmet Aerospace Inc. has a 52-week low of $36.66 and a 52-week high of $52.13.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 10th will be given a dividend of $0.05 per share. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 13.16%.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of analyst reports. Bank of America upped their price objective on shares of Howmet Aerospace from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Barclays upped their target price on Howmet Aerospace from $52.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Morgan Stanley upped their price objective on shares of Howmet Aerospace from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Howmet Aerospace in a research report on Wednesday, September 27th. They set a “buy” rating and a $59.00 price target for the company. Finally, Benchmark restated a “buy” rating and set a $53.00 price target on shares of Howmet Aerospace in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.69.

Howmet Aerospace Company 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.