Pitcairn Co. Has $346,000 Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Pitcairn Co. lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 5.4% during the third quarter, HoldingsChannel.com reports. The firm owned 3,447 shares of the company’s stock after selling 195 shares during the quarter. Pitcairn Co.’s holdings in Howmet Aerospace were worth $346,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Kingsview Wealth Management LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at approximately $497,000. Cerity Partners LLC grew its position in Howmet Aerospace by 155.4% in the third quarter. Cerity Partners LLC now owns 55,365 shares of the company’s stock worth $5,550,000 after acquiring an additional 33,686 shares in the last quarter. Covenant Asset Management LLC increased its stake in shares of Howmet Aerospace by 0.4% during the 3rd quarter. Covenant Asset Management LLC now owns 49,793 shares of the company’s stock worth $4,992,000 after purchasing an additional 220 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Howmet Aerospace by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock valued at $231,101,000 after purchasing an additional 114,457 shares in the last quarter. Finally, Trustmark National Bank Trust Department lifted its stake in shares of Howmet Aerospace by 17.7% in the 3rd quarter. Trustmark National Bank Trust Department now owns 14,227 shares of the company’s stock valued at $1,426,000 after purchasing an additional 2,136 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Sanford C. Bernstein raised their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Robert W. Baird upped their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $113.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Finally, Truist Financial upped their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.41.

Howmet Aerospace Stock Performance

HWM opened at $117.18 on Wednesday. The stock’s 50 day simple moving average is $105.49 and its 200-day simple moving average is $93.09. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The stock has a market cap of $47.61 billion, a PE ratio of 44.73, a P/E/G ratio of 1.59 and a beta of 1.46. Howmet Aerospace Inc. has a 1 year low of $51.47 and a 1 year high of $119.28.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Friday, November 8th. Howmet Aerospace’s dividend payout ratio is 12.21%.

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.