Charles Schwab Investment Management Inc. Sells 835,833 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Charles Schwab Investment Management Inc. lowered its holdings in shares of Howmet Aerospace Inc. (NYSE:HWMFree Report) by 28.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,115,711 shares of the company’s stock after selling 835,833 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.51% of Howmet Aerospace worth $97,852,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its holdings in Howmet Aerospace by 61.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock valued at $26,000 after acquiring an additional 212 shares during the period. New York Life Investment Management LLC lifted its holdings in shares of Howmet Aerospace by 0.4% in the 2nd quarter. New York Life Investment Management LLC now owns 53,304 shares of the company’s stock worth $2,642,000 after buying an additional 233 shares during the period. Deseret Mutual Benefit Administrators lifted its holdings in shares of Howmet Aerospace by 5.9% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 4,222 shares of the company’s stock worth $209,000 after buying an additional 235 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Howmet Aerospace by 2.5% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,363 shares of the company’s stock worth $514,000 after buying an additional 248 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Howmet Aerospace by 26.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,293 shares of the company’s stock worth $64,000 after buying an additional 270 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Ratings Changes

HWM has been the subject of several research reports. Sanford C. Bernstein initiated coverage on Howmet Aerospace in a report on Friday, January 5th. They issued an “outperform” rating and a $67.00 target price for the company. JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th. KeyCorp upped their target price on Howmet Aerospace from $52.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, January 23rd. Finally, Truist Financial raised Howmet Aerospace from a “hold” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $74.00 in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $57.29.

Get Our Latest Stock Analysis on Howmet Aerospace

Howmet Aerospace Trading Down 1.0 %

Shares of NYSE:HWM opened at $58.60 on Friday. The business’s 50-day moving average is $54.76 and its 200 day moving average is $50.40. Howmet Aerospace Inc. has a 1 year low of $38.17 and a 1 year high of $59.42. The firm has a market capitalization of $24.13 billion, a P/E ratio of 38.55, a P/E/G ratio of 1.27 and a beta of 1.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.14 and a quick ratio of 0.94.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Friday, February 9th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Thursday, February 8th. Howmet Aerospace’s dividend payout ratio is currently 13.16%.

About Howmet Aerospace

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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