Forsta AP Fonden Cuts Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Forsta AP Fonden decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 145,000 shares of the company’s stock after selling 5,200 shares during the period. Forsta AP Fonden’s holdings in Howmet Aerospace were worth $15,859,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HWM. RiverPark Advisors LLC purchased a new position in Howmet Aerospace during the 3rd quarter valued at about $26,000. R Squared Ltd purchased a new position in Howmet Aerospace during the 4th quarter valued at about $26,000. Hollencrest Capital Management purchased a new position in Howmet Aerospace during the 3rd quarter valued at about $30,000. Global Trust Asset Management LLC purchased a new position in Howmet Aerospace during the 4th quarter valued at about $33,000. Finally, Assetmark Inc. increased its position in Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after purchasing an additional 126 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $126.36 on Thursday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 12 month low of $55.66 and a 12 month high of $129.10. The company has a 50 day simple moving average of $116.46 and a two-hundred day simple moving average of $104.13. The stock has a market cap of $51.34 billion, a price-to-earnings ratio of 48.23, a PEG ratio of 1.43 and a beta of 1.49.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.32%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s payout ratio is presently 15.27%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Susquehanna lifted their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Bank of America lifted their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

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.