Empowered Funds LLC Sells 5,300 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Empowered Funds LLC decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,789 shares of the company’s stock after selling 5,300 shares during the quarter. Empowered Funds LLC’s holdings in Howmet Aerospace were worth $6,696,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Empirical Finance LLC lifted its holdings in shares of Howmet Aerospace by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 13,115 shares of the company’s stock worth $1,315,000 after acquiring an additional 265 shares during the period. CIBC Asset Management Inc raised its position in Howmet Aerospace by 12.4% during the third quarter. CIBC Asset Management Inc now owns 59,541 shares of the company’s stock valued at $5,969,000 after purchasing an additional 6,587 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in Howmet Aerospace by 2.4% during 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. ING Groep NV boosted its holdings in shares of Howmet Aerospace by 51.1% in the 3rd quarter. ING Groep NV now owns 104,086 shares of the company’s stock valued at $10,435,000 after purchasing an additional 35,206 shares in the last quarter. Finally, Metis Global Partners LLC increased its stake in shares of Howmet Aerospace by 31.5% in the 3rd quarter. Metis Global Partners LLC now owns 16,095 shares of the company’s stock valued at $1,614,000 after purchasing an additional 3,857 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $112.01 on Friday. The company has a market capitalization of $45.51 billion, a PE ratio of 42.75, a P/E/G ratio of 1.57 and a beta of 1.46. Howmet Aerospace Inc. has a fifty-two week low of $51.22 and a fifty-two week high of $116.74. The company has a 50 day simple moving average of $102.37 and a two-hundred day simple moving average of $91.12. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.29%. Howmet Aerospace’s payout ratio is 12.21%.

Analysts Set New Price Targets

Several research firms recently weighed in on HWM. Robert W. Baird raised their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group raised their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. BTIG Research increased their price objective on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.41.

Insider Buying and Selling at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the transaction, the chief financial officer now owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The trade was a 49.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the sale, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This trade represents a 43.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

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.