Victory Capital Management Inc. Sells 9,781 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Victory Capital Management Inc. decreased its position in Howmet Aerospace Inc. (NYSE:HWM) by 5.6% during the 3rd quarter, Holdings Channel reports. The firm owned 165,593 shares of the company’s stock after selling 9,781 shares during the period. Victory Capital Management Inc.’s holdings in Howmet Aerospace were worth $16,601,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Cultivar Capital Inc. purchased a new stake in Howmet Aerospace in the second quarter worth $26,000. LGT Financial Advisors LLC lifted its stake in Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after acquiring an additional 262 shares during the period. Hollencrest Capital Management purchased a new position in Howmet Aerospace during the third quarter valued at $30,000. Rothschild Investment LLC purchased a new position in Howmet Aerospace during the second quarter valued at $32,000. Finally, Versant Capital Management Inc lifted its position in Howmet Aerospace by 1,209.1% during the second quarter. Versant Capital Management Inc now owns 432 shares of the company’s stock valued at $34,000 after buying an additional 399 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Howmet Aerospace

In other news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction dated 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 directly owns 155,135 shares of the company’s stock, valued at $14,982,938.30. The trade was a 49.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. The trade was a 43.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

Howmet Aerospace Price Performance

NYSE HWM opened at $115.99 on Wednesday. Howmet Aerospace Inc. has a one year low of $51.22 and a one year high of $116.74. The stock has a 50-day moving average of $103.22 and a 200 day moving average of $91.80. The company has a market capitalization of $47.12 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 1.50 and a beta of 1.46. 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 company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Susquehanna raised their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays raised their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Bank of America raised their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.41.

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.